Saudi Railways Organisation warns train deal under threat over mishaps
2012-05-08 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Railways Organisation (SRO) has warned Spanish company CAF its train purchase deal is under threat if the incidents of malfunctioning continue unresolved, Saudi Gazette has reported. "SRO's financial rights will be protected either through obtaining compensation for the damage caused or revoking the purchase deal altogether if the technical glitch continues even after undertaking repair works," SRO president, Abdul Aziz Al-Hugail, told the daily. "SRO has so far neither taken delivery of the trains formally nor paid the amount in full. We paid only 55% of the value of the purchase deal," he said.  

View full article...
Latest News

Jazan Governor Honors Personnel Taking Part in Hajj Operations

FII Institute Names Princess Maha bint Mishari as CEO

Princess Sarah bint Bandar in St. Petersburg

Princess Rima bint Bandar Visits Boeing Facilities in Charleston, South Carolina

Prince Abd al-Aziz bin Salman at St Petersburg International Economic Forum in Russia.

Saudi Prince al-Walid bin Talal Sees Wealth Soar as SpaceX Bet Pays Off

Prince Fahd bin Jiluwi Presides over Asian Triathlon Congress in Japan

Taif Governor Tours Historic District, Reviews Heritage, Tourism Assets

Saudi Arabia's MbS Receives Well-Wishers at Mina Palace on Eid al-Adha

Foreign Minister Participates in Informal Meeting of EU Foreign Affairs Ministers

Death of Prince Nawwaf bin Nayif

Saudi Crown Prince MbS Scores Unexpected Wins During Iran War

National Guard Minister Inspects Readiness of Forces Participating in Hajj Season

Interior Minister Reviews Readiness of Hajj Security Forces for 1447 AH Hajj Season

Princess Lamiya bint Majid Speaks at WUF13

Prince Sultan bin Salman Lays Foundation Stone for Children's Rehabilitation Center in al-Jawf

Foreign Minister Arrives in the Hellenic Republic

Princess Rima bint Bandar Meets Saudi Team for ISEF 2026

Princess Sahab bint Abdallah Appears Alongside Queen Rania After Years of Absence From The Public Eye

Foreign Minister Arrives in United Kingdom on Official Visit