Quantcast
Transport Trains

Saudi Arabia plans to build first electric subway train for capital city

Excerpt from Bloomberg Businessweek

Aug 02, 2012 3:00 am

Skift Take

Is Saudi Arabia, a nation with one of the largest oil reserves, warning the rest of the world to curb fuel use by accepting bids to build its first electric subway, or do they simply benefit by selling more oil abroad?

— Samantha Shankman

The Latest Intelligence on the Travel Industry

Free Report: The Megatrends Defining Travel in 2015

Saudi Arabia, which is trying to curb domestic fuel consumption, said it shortlisted four groups to submit bids to build the first electrical subway train network linking major areas of its capital city, Riyadh.

The four groups should present their financial and technical bids for the project within four months, the Saudi Press Agency said today, citing Prince Sattam bin Abdulaziz, the head of ArRiyadh Development Authority.

Read the Complete Story →

Tags: , , ,

Next Up

More on Skift

What Each Generation Will Spend This Summer on Vacations in the U.S.
Interview: Turkish Tourism Director on Simpler Brand Messaging
Convention Bureaus Market a New Asset: Local Industry and Intelligence
Why Hotels Should Bet on Wellness Amenities for Business Travelers