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Saudi Arabia is expected to award contracts for construction of the planned 115-km (72-mile) rail link between its industrial city of Jubail and Dammam before the end of 2012, a senior Saudi Railway Company (SAR) official said on Tuesday.
“Bids were received and they are under evaluation. The project will be awarded before the end of the year,” Bashar Almalik, SAR’s director of civil and track works, told a rail conference in the United Arab Emirates capital. He did not give the financial value of the contracts.
The world’s top oil exporter, which is spending billions of dollars to boost its infrastructure, is building several rail systems.
Reuters
