Economy minister discusses economic cooperation with German minister    Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi    At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation    Saudi justice minister, Italian counterpart agree to enhance judicial cooperation    TGA: Autonomous vehicle service beneficiaries surpass 950 in Riyadh    103 million orders delivered in Saudi Arabia in 3Q 2025    Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh A new step in Turkish Saudi cooperation    OMODA 4 Media Preview: Shaping the future of mobility with media and users    Belgian resistance holds up €140 billion loan for Ukraine at EU summit    Trump says he's ending trade negotiations with Canada    EU, US impose new sanctions on Russia to force ceasefire in Ukraine    Egypt joins EU funding program Horizon Europe    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    Qatar clinch 2026 World Cup berth with 2-1 win over UAE in Doha    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    Splash unveils new winter collection featuring Maya Diab    India players refused handshakes, says Pakistan coach    Adolescence star Owen Cooper makes Emmys history at 15    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



PIF signs railways contracts 2 Riyadh

Motive Diesel, Inc. amounts to SR 337, 794,487. It includes building of 25 locomotives with 4,300 Horse Power to be used in tolling 3 KMS long 160 wagons train with each locomotive each having a capacity of 16000 tons for each train.
The third contract was inked with China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR) with SR 342, 299, 074 to manufacture and design 668 wagons; 524 of these will be used for the phosphate transfer, each wagon carrying 100 tons of weightage.
Such a project comes within the strategic development program that aims to strengthen the means of transportation and the exploitation of the mineral resources in the Kingdom of Saudi Arabia in accordance with the decision of the cabinet on 04/03/1424 AH, which mandated the PIF for the establishment of this project in order to transfer the phosphate ores and bauxite from the northern and the central Saudi Arabia to the mining and processing facilities at Ras Zour on the Arabian Gulf.
The Minister of Finance, Dr. Ibrahim Al-Assaf, pointed out that the value of contracts signed in the railway projects amounted to more than SR 12 billion, including leveling the ground and paving new lines in the Al Nofoud desert as well as the development of the railways itself.
In a news briefing after the signing of contracts, Al-Assaf said that the project is progressing as planned and will be concurrent with the implementation of phosphate and bauxite facilities in the Ras Al-Zour, pointing out that the commencement of the 'mining train' starting in 2010 will coincide with the completion of the building facilities at Ras Al-Zour.
In this regard, Al-Assaf noted several projects such as the Haramain-Train project signed several weeks ago as well as the land bridge project linking Jeddah and Riyadh and some other primary plans as regards a project to link the GCC states, which is still under consideration in terms of its costs and details. Moreover, there is preliminary approval of the leaders of the Gulf Cooperation Council's states for its implementation. "However, at the end, the resolution depends on its economic feasibility".


Clic here to read the story from its source.