SAUDI ARABIA: Russian Railways Chief Executive Oleg Belozerov, CEO of the Russian Direct Investment Fund Kirill Dmitriev and Saudi Railway Co CEO Dr Bashar Al Malik signed a co-operation agreement in Riyadh on October 14.
The parties expressed interest in Russian participation in the construction and modernisation of railways as part of Saudi Arabia’s Vision 2030 programme, the supply of products including train control and safety systems, and the training of SAR personnel in Russia.
‘Today there are favourable conditions for establishing close co-operation between our countries in the field of railway transport’, said Belozerov. ‘Considering the profound experience of Russian Railways in the construction of railway infrastructure, our expertise and advanced technologies, we believe in long-term co-operation with Saudi Arabia.’
