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Saudi Arabia rail losses 'temporary'Losses suffered by China Railway Construction Corporation on a new Saudi Arabian railway are temporary, company president Zhao Guangfa has said. Zhao's comments come nearly two weeks after the Beijing-based company said it expected to More… |
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China Railway clinches $1.8bn Saudi rail contractSaudi Arabia has awarded a SR6.79 billion ($1.8 billion) infrastructure contract to a consortium including a unit of China Railway Construction Corporation for a railway to the kingdom's holy sites. The contract, which covers ground an More… |
