08Dec2003 Joint group to offer consultative services for railway expansion project

Dammam, 8th December 2003

A joint group representing UBS investment bank and Al-Ahli Commercial Bank won a tender to offer consultative financial services for the project to expand the railway network in the Kingdom of Saudi Arabia, according to President of the General Organization of Railways Eng. Khaled Al-Yahya.

In a statement issued here today, Al-Yahya said that financial consultation for the project would involve forwarding a study and suggestions regarding technical and commercial strategies for construction and operation of the proposed railways.

Source: SPA

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