Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
Saudi Arabia Railways (SAR) has announced that it has signed an agreement with top Swiss rolling-stock manufacturer Stadler to purchase 10 new passenger trains for over CHF300 million ($360 million). This doubles the fleet of vehicles specially developed for Saudi Arabia to 20 train sets.
