SAPTCO receives the royal approval for Riyadh public transportation project contract of SAR 7.8bn

01/05/2014 Tadawul

A consortium led by the Saudi Public Transport Company (SAPTCO) received a letter from the High Commission for the Development of Arriyadh including the royal approval for the SAR 7.8bn contract of King Abdul-Aziz public transportation project in Riyadh.
 

The contract is to supply, operate and maintain the project by SAPTCO- RATP DEV alliance for a period of 10 years after a preparation period of 24 months.


The details of will be announced upon signing the contract with the High Commission for the Development of Arriyadh; the company said in its filing to Tadawul today.


 According to Argaam’s data; the alliance was awarded the contract in February.

 

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