Saudi-French alliance wins $2bn bus deal for Riyadh Metro

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Bloomberg - Photo for illustrative purposes only)

(Bloomberg - Photo for illustrative purposes only)

Saudi Public Transport Co (Saptco) said on Thursday that its alliance with France's RATP Dev has jointly secured a SR7.855 billion ($2.09 billion) contract to operate and maintain buses in the kingdom's capital Riyadh.

The 10-year deal will be linked to the city's railway project - known as the King Abdulaziz Project for Public Transport - and will handle the procurement, operation and maintenance of the buses, Saptco said in a statement.

Saptco had previously said that it has teamed up with France's Regie Autonome des Transports Parisiens (RATP) to bid for public transport projects in Saudi.

The Saudi government had awarded $22.5 billion in contracts to three foreign-led consortia in July last year for the design and construction of the first metro rail system in Riyadh.

Related:
Topics
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How Gulf banks are helping to underwrite region's aviation boom

How Gulf banks are helping to underwrite region's aviation boom

Figures from Airbus show that 47% of MidEast aircraft deals in...

2
The inside story of the new Airbus A350 jet

The inside story of the new Airbus A350 jet

Customers, suppliers and industry sources share their insights...

Is business aviation on the rise?

Is business aviation on the rise?

The Middle East's business aviation industry is forecast to be...

Most Popular
Most Discussed