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Saudi Arabia gave an early nod to four consortia on Monday, including ones led by Canada's Bombardier Inc. (BBDb.TO) and French firm Vinci (SGEF.PA), to build a new metro system in Riyadh to ease congestion on the capital's gridlocked streets.
Saudi Arabia on Tuesday launched a tender process to build a new metro system in the capital o fRiyadhin an effort to ease congestion on the city’s gridlocked roads.
The Saudi Binladin Group won a contract to build a rail line linking the Haramain train route with a metro in Mecca
Governments in the GCC have instigated plans for multi-billion dollar transport and networking projects that will help further the region's clout as a magnet for international logistics and engineering service providers. The countries of the GCC are set to spend over $100bn on setting up modern rail networks connecting all countries of the Arabian Peninsula.