3 consortiums win Saudi metro contracts worth $22.5bn

Saudi Arabia has granted three foreign consortiums contracts to build a Riyadh metro, a project worth $22.5 billion, the kingdom announced at a news conference in the capital late on Sunday.

The consortiums are led by US, Spanish and Italian firms.

The 176-kilometre (110-mile) six-line network is aimed at easing chronic traffic congestion in Riyadh, a city of six million people.