Construction & Real Estate

Saudi Arabia Railways orders 10 new Stadler trains for $360m

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. ...

Construction & Real Estate

Saudi Rail inks finance deal to purchase 10 new passenger trains

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....