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-Thai Economic and Trade Committee Discusses Boosting Trade

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
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Saudi-Thai Economic and Trade Committee Discusses Boosting Trade

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA

The Economic and Trade Committee of the Saudi-Thai Coordination Council held on Thursday its first meeting in Bangkok to strengthen trade relations between the two countries.

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa.

The meeting was chaired by General Authority of Foreign Trade (GAFT) Deputy Governor for International Relations Abdulaziz bin Omar Al-Sukran and Thai Ministry of Commerce Permanent Secretary Vuttikrai Leewiraphan.

The committee aims to strengthen trade relations between Saudi Arabia and Thailand by exchanging expertise; fostering cooperation in economic and developmental fields; promoting food, health, and halal products; advancing industrial development; involving the private sectors of both countries in trade fairs and conferences; and addressing trade obstacles and challenges facing both nations.

The volume of trade between Saudi Arabia and Thailand reached more than $6 billion by the third quarter of 2024. Prominent Saudi exports included mineral products and fertilizers, while major Thai imports to the Saudi market included automobiles and their parts, as well as machinery and mechanical tools and their components.