MADRID: A Spanish consortium which is building a high-speed rail link between Mecca and Medina has reached a preliminary deal with Saudi Arabia to finalise the works after a series of delays, Spain’s public works ministry said yesterday.
The Al Shoula consortium comprises 12 Spanish companies including OHL and Indra as well as two Saudi firms.
The consortium’s contract to construct and maintain the Haramain railway is valued at 6.7 billion euros ($7.11bn).
“This preliminary deal resolves the problems that arose on both sides during the process, clearing the way for the works to be finalised,” the Spanish government said.