Graft seen in Saudi railway dealsSaudi Arabia's National Anti-Corruption Commission (Nazaha) has detected corrupt practices in relation to three Saudi Railways Organization contracts worth more than 500 million riyals ($133 million), said a report. More… |
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Dubai firm wins $3bn projects in ArmeniaDubai-based investment company, Rasia, has been awarded the concession for two key railway and high speed road projects in Armenia, according to a statement. The Southern Armenia Railway and Sou More… |
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China to open longest high-speed rail lineChina will open the world's longest high-speed rail line next week when a link between Beijing and the southern metropolis of Guangzhou is inaugurated, officials said on Saturday, underscoring its commitment to a trouble-pl More… |
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Saudi to pump $45bn into rail projectsSaudi Arabia is expected to invest $45 billion for establishment of its mammoth 7000 km railway network which will include major projects such as the Saudi landbridge, Haramain High Speed Rail and the GCC Rail, said experts ahead of an railway c More… |
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No decision yet on Saudi-Bahrain rail lineA planned rail bridge from Saudi Arabia to Bahrain is still under consideration but no decision has been made, a senior Saudi Railway Company (SAR) official said on Tuesday. Bashar Almalik, SAR& More… |
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GCC plans $79bn rail projects by 2020The GCC will see an estimated $79 billion worth of railway projects - including rail, metro, tram, and stations - in the region between 2011 and 2020, according to a report. This includes the $30 billion GCC rail network, to be shared amo More… |
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$25bn high-speed train project to link GCCSaudi Arabia has approved a $25 billion railway project, which will link Bahrain and the other GCC countries through a 2,117km network, a report said. The project, in which trains will run at speeds of up to 350km/hr, is set to boost regio More… |
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Huawei to showcase railway portfolioHuawei, a leading global information and communication technology (ICT) solutions provider, will showcase its portfolio of railway solutions at Middle East Rail 2012, from tomorrow to Thursday. Drawing on its experience leading many ground More… |
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Saudi inks $8.2bn rail deal with Spanish groupSaudi Arabia signed a contract worth SR30.8 billion ($8.2 billion) on Saturday with a Spanish consortium to build a high-speed railway connecting Islam's holiest cities, Makkah and Madinah, with the port city of Jeddah. Saudi Fin More… |
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Saudi inks $613m rail contractsSaudi Arabia signed three contracts worth SR2.3 billion ($613 million) on Saturday for the construction of maintenance service buildings and five stations to support its longest railway, the North/South railway, state news agency SPA said. More… |
