RZD, the Russian Direct Investment Fund and Saudi Railway signed a cooperation agreement to implement railway projects.
The three sides will jointly develop the SAR’s railway expansion and projects related to Saudi Arabia’s Vision 2030 Programme, including the supply of rail products.
The parties will also consider the possibility of supplying Russian systems for train regulation and safety, as well as training and instructing railway specialists from the Kingdom of Saudi Arabia in Russia.
RZD is ready to provide Saudi Arabia its “experience, progress and technologies in a long-term partnership”, Oleg Belozorov, CEO of Russian Railways said during the signing ceremony.
At the beginning of October, the representatives of RZD and SAR agreed to jointly develop railway projects.