Finance / Saudi Arabia
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Saudi Gulf-Red Sea Link Deal By June
March 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Saudi Railways Organisation (SRO) will announce by June the winner of the 'Saudi Landbridge' project worth an estimated US$5bn. The project includes the construction of a 950km rail link between Riyadh and the Red Sea port of Jeddah and 115km connecting the Gulf cities of Jubail and Dammam. It will link the three port cities and pass through Riyadh, creating a cross country cargo and passenger network.