Saudi Arabia said two groups submitted bids for the second phase of a railway project to link the Red Sea city of Jeddah with Makkah and Madinah, Islam’s two holy cities, after three other consortiums declined to bid.
A Saudi-Spanish group led by the local Al-Shoula Holding Group and a partnership of France’s Alstom SA and the Riyadh-based Al-Rajhi Group submitted bids on Saturday for the estimated $12.5 billion contract, the Saudi Railways Organisation said in a statement issued by the Saudi Press Agency.
Three other groups, including a partnership of Saudi Binladin Group, Deutsche Bahn AG and Siemens AG, a Chinese consortium led by China South Locomotive & Rolling Stock and a group including South Korea’s Hyundai Engineering & Construction and Samsung Engineering did not bid for the project, the SRO said.
The second phase of the Haramain High-Speed Railway project will involve supplying trains and operating the 450km (280-miles) link for 12 years. Saudi Arabia in March last year signed a SR6.8bn ($1.8bn) contract with a group of companies led by Al-Rajhi Group to help build the line, which will ferry Muslim pilgrims between the three cities.For all the latest Saudi Arabia news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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