Saudi Binladin Wins Contract for Gulf Rail Link, Awsat Reports

Saudi Binladin Group, Saudi Arabia’s largest construction company, won a contract to link the kingdom’s Jubail petrochemical hub with the new minerals industry city of Ras al-Khair, Asharq al-Awsat reported.

The company will construct an 85-kilometer (53-mile) railway, costing $177 million, between the two sites on the Persian Gulf coast, the newspaper said, citing Rumaih al-Rumaih, Saudi Railway Co.’s chief executive officer.

The rail company plans to issue another tender soon for construction of a line linking Jubail with the port of Dammam, al-Rumaih told Awsat.

To contact the reporter on this story: Wael Mahdi in Manama wmahdi@bloomberg.net.

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

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