Deutsche Bahn eyes projects in Saudi: Report
German state-owned rail operator Deutsche Bahn is mulling multi-billion-euro (dollar) rail and logistic projects in Saudi Arabia as part of its international expansion drive, the Financial Times Deutschland reported on Tuesday.
By Agencies |
FRANKFURT: German state-owned rail operator Deutsche Bahn is mulling multi-billion-euro (dollar) rail and logistic projects in Saudi Arabia as part of its international expansion drive, the Financial Times Deutschland reported on Tuesday.
In particular, the German giant is keen to get its hands on a contract for high-speed passenger and goods trains and a freight centre in King Abdullah Economic City, the newspaper said.
"The region is booming and therefore represents substantial economic potential for Deutsche Bahn," an unnamed top executive told FT Deutschland.
The German group's entire management board had held preliminary talks in Saudi Arabia on the matter, project managers were quoted as saying.
A state-of-the-art rail network spanning the entire country from the Red Sea to the Persian Gulf is being planned, with the licence to operate it expected to run for a period of 50 years. Deutsche Bahn declined to comment on the information.
In particular, the German giant is keen to get its hands on a contract for high-speed passenger and goods trains and a freight centre in King Abdullah Economic City, the newspaper said.
"The region is booming and therefore represents substantial economic potential for Deutsche Bahn," an unnamed top executive told FT Deutschland.
The German group's entire management board had held preliminary talks in Saudi Arabia on the matter, project managers were quoted as saying.
A state-of-the-art rail network spanning the entire country from the Red Sea to the Persian Gulf is being planned, with the licence to operate it expected to run for a period of 50 years. Deutsche Bahn declined to comment on the information.
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