3 consortiums win Saudi metro contracts worth $22.5bn

Published December 11, 2015

File picture shows a Saudi policeman monitoring traffic in Riyadh. 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. (AFP/File)

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.

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