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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
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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 | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| QGTS | 4.68 | 0.09 (1.96 |
| SAL | 182.00 | -1.40 (-0.77 |
| QNNS | 11.00 | 0.00 (0.00 |
| SGS | 49.50 | 0.30 (0.60 |
| BUDGETSAUDI | 74.00 | 0.20 (0.27 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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