Saudi SAR Signs Agreements, MoU to Develop Railways

The Saudi delegation at the International Astronautical Conference (IAC) in Paris (Asharq Al-Awsat)
The Saudi delegation at the International Astronautical Conference (IAC) in Paris (Asharq Al-Awsat)
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Saudi SAR Signs Agreements, MoU to Develop Railways

The Saudi delegation at the International Astronautical Conference (IAC) in Paris (Asharq Al-Awsat)
The Saudi delegation at the International Astronautical Conference (IAC) in Paris (Asharq Al-Awsat)

The Saudi Railways Company (SAR) concluded several agreements and memoranda of understanding with global partners to achieve the objectives of the national strategy for transport and logistics.

SAR participated in InnoTrans and the international trade conference in Berlin.

SAR awarded a contract to the French electronics company Thales for developing a signaling and control system for rail networks in the Eastern port of Dammam.

The agreement also includes “upgrading the efficiency of logistic operations and expanding rail networks in the Kingdom.”

SAR recently signed MoUs with Thales and other international partners to develop its national transport strategy and logistic services.

The company also signed a strategic MoU with Alstom Company to explore opportunities for the future of sustainable mobility in the Kingdom and develop and implement solutions related to railway infrastructure and capability aligned with Vision 2030.

The company pointed out that it aims to transfer technology and knowledge, sustainable development and application of the best standards, and strategic cooperation to develop logistics transport services.

Furthermore, SAR signed several agreements with Siemens to transfer knowledge and best practices, improve customer satisfaction experience, and localize the railway sector in the Kingdom.

In addition, SAR announced that it signed an agreement with the University of Birmingham to encourage national cadres and provide the best job opportunities in the railway by organizing training courses and applied studies.

Meanwhile, Saudi Arabia participated in the International Astronautical Conference (IAC) in France. It reviewed its experience in space, potential, and future aspirations for this vital and promising sector.

The CEO of the Saudi Space Authority, Mohammad al-Tamimi, met several agency officials, companies, and sector leaders to discuss bilateral cooperation in space economies and future sectors.

Tamimi met with Deputy Assistant to Executive Secretary of the US National Space Council Chirag Parikh to enhance cooperation in the space field and develop its legislations and regulations.

He later met with the President of the Italian Space Agency, Giorgio Saccoccia, and covered efforts to boost relations between the two sides in the space field.

He also held a meeting with the CEO of the UK Space Agency, Paul Bate, to strengthen and develop cooperation in the space field, and the Chairperson of UAE Space Agency, Sarah al-Amiri, to enhance strategic partnership in the space field and its sectors.

He discussed with Airbus officials the sector's existing projects and development opportunities.



Saudi Arabia Mobilizes Private Sector for Meetings with US Companies During Trump Visit

The Saudi-American Business Forum meets at the Federation of Saudi Chambers last year. (Asharq Al-Awsat)
The Saudi-American Business Forum meets at the Federation of Saudi Chambers last year. (Asharq Al-Awsat)
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Saudi Arabia Mobilizes Private Sector for Meetings with US Companies During Trump Visit

The Saudi-American Business Forum meets at the Federation of Saudi Chambers last year. (Asharq Al-Awsat)
The Saudi-American Business Forum meets at the Federation of Saudi Chambers last year. (Asharq Al-Awsat)

Saudi Arabia is mobilizing its private sector to engage directly with the high-level American business delegation that will be accompanying US President Donald Trump as he visits the Kingdom on Tuesday.

Trump’s Gulf tour, which begins in Saudi Arabia before moving on to the UAE and Qatar, is expected to focus heavily on economic issues.

Top executives from leading US firms will join the president, with a number of significant agreements covering several sectors expected to be inked. Among the prominent names set to attend are BlackRock CEO Larry Fink, Citigroup CEO Jane Fraser, Qualcomm CEO Cristiano Amon, IBM CEO Arvind Krishna, Blackstone Chairman Stephen Schwarzman, and Google/Alphabet CFO Ruth Porat.

The executives will take part in the US-Saudi Investment Forum, which will be held in Riyadh on the day of Trump’s arrival. According to sources, the Saudi Investment Promotion Authority is coordinating closely with domestic private sector firms to ensure strong participation and to prepare for bilateral meetings between Saudi and US companies.

The forum will spotlight cross-sector investment opportunities and partnerships between the two countries, underscoring Saudi Arabia’s intent to position itself as a key global investment hub. Trump, in recent remarks, praised the Kingdom’s sovereign wealth fund and hinted that the US is considering launching its own.

On Tuesday, he teased “major announcements” ahead of his visit during a meeting with Canadian Prime Minister Mark Carney.

Saudi Arabia is aiming to expand its commercial and investment ties with the United States by $600 billion over the next four years. In a recent phone call, Crown Prince and Prime Minister Mohammed bin Salman highlighted the potential benefits of Trump’s proposed economic reforms and expressed interest in leveraging them to drive mutual growth.

The Kingdom is also seeking closer cooperation with Washington on global challenges, including slowdowns in international economic growth.

While Saudi-US relations have long been anchored by decades of strategic partnership, Saudi officials say Vision 2030 has further integrated the Kingdom into the global economy, allowing it to play a more influential and proactive role in shaping regional and global prosperity.