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02/05/2014 06:25 AST
Saudi Public Transport Co ( Saptco ) said on Thursday that its alliance with France's RATP Dev has jointly secured a 7.855 billion Saudi riyal ($2.09 billion) contract to operate and maintain buses in the kingdom's capital Riyadh.
The 10-year deal will be linked to the city's railway project - known as the King Abdulaziz Project for Public Transport - and will handle the procurement, operation and maintenance of the buses, Saptco said in a statement.
Saptco had previously said that it has teamed up with France's Regie Autonome des Transports Parisiens (RATP) to bid for public transport projects in Saudi.
The Saudi government had awarded $22.5 billion in contracts to three foreign-led consortia in July last year for the design and construction of the first metro rail system in Riyadh.
(Reporting by Reem Shamseddine and Marwa Rashad; Writing by Praveen Menon; Editing by David Goodman)
Reuters
23/05/2017
Public Transport Company (PTC), the joint venture between RATP Dev and Saptco, has signed major agreements with Mercedes-Benz and MAN to acquire around 1,000 buses for the future Riyadh bus network.
Trade Arabia
19/01/2014
Further to the announcement published on Tadawul's website on 19-01-2014 related to the interim financial results for the period ending on 31-12-2013 (twelve months) where the announcement mention th
Tadawul
16/04/2013
Saudi Public Transport Co. (SAPTCO) announces the interim financial results for the period ended March 31, 2013(Three Months ) as follows:
1. The net profit for the quarter ended March 3
Tadawul
| Ticker | Price | Change |
|---|---|---|
| QGTS | 4.50 | -0.03 (-0.56 |
| SAL | 279.60 | 2.40 (0.86 |
| QNNS | 11.39 | 0.33 (2.98 |
| SGS | 54.00 | 1.00 (1.88 |
| BUDGETSAUDI | 83.30 | -0.60 (-0.72 |
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
Financial Information Co.
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