Siemens to join Chinese bid for Saudi rail contract: report

The German industrial group Siemens has teamed up with a Chinese public consortium to bid for a big Saudi Arabian rail contract, the Financial Times said Tuesday, citing sources close to the matter.

By Nuclear Power Daily Editorial Team · Editorial process

Published March 15, 2010

The German industrial group Siemens has teamed up with a Chinese public consortium to bid for a big Saudi Arabian rail contract, the Financial Times said Tuesday, citing sources close to the matter.

Siemens decided to join forces with the state-owned China South Locomotive and Rolling Stock Corporation, which could win the seven-billion-dollar (five-billion-euro) tender, a sign of growing Chinese strength in the rail sector, the newspaper said.

The Haramain rail project is designed to link the Saudi holy cities of Mecca and Medina with a high-speed train, the report said.

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