PTA Signs Saudi Arabia’s Largest Intercity Bus Transport Project Contract

The network is expected to serve more than 6 million passengers annually. SPA
The network is expected to serve more than 6 million passengers annually. SPA
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PTA Signs Saudi Arabia’s Largest Intercity Bus Transport Project Contract

The network is expected to serve more than 6 million passengers annually. SPA
The network is expected to serve more than 6 million passengers annually. SPA

The Public Transport Authority (PTA) has announced the largest project for transporting passengers by buses connecting the Saudi cities, through a transportation network that covers more than 200 cities and governorates.

The network is expected to serve more than 6 million passengers annually, through 76 routes, and with a new fleet of buses equipped with the latest technologies that allow the use of environmentally friendly vehicles.

This announcement came during a ceremony held by the Authority in the presence of the Minister of Transport and Logistics Services, Chairman of the Board of Directors of the Public Transport Authority, Eng. Saleh bin Nasser Al-Jasser, and representatives from the public and private sectors.

Three contracts were signed for intercity transportation projects with the participation of major global alliances aimed at finding and providing advanced quality services for passenger transport by buses between the Kingdom’s cities.

Al-Jasser said that this project is the first foreign investment in intercity transportation services, which opens the way for future investments in this sector.

He praised the role of PTA in transforming challenges into successful investment opportunities that will add the equivalent of SR3.2 billion annually to the gross domestic product.

He stressed that the project will serve several other sectors, including supporting tourism development and contribute to enhancing economic diversification and consolidating partnerships with the private sector.

The National Strategy for Transport and Logistics Services aims to increase the share of using public transportation in the Kingdom from 1% to 15% by 2030.

The project will also contribute to translating one of the most important objectives of the strategy, which establishes the quality of life in cities among its priorities, by reducing the percentage of carbon emissions for transportation to reach 25% by 2030.



Diamond Necklace Possibly Linked to Marie Antoinette's Demise Up for Auction

An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
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Diamond Necklace Possibly Linked to Marie Antoinette's Demise Up for Auction

An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse

A diamond-studded necklace thought to be involved in a scandal that led to the eventual downfall of the last queen of France, Marie Antoinette, is being sold in Geneva next week.
The Georgian-era piece containing 300 carats of diamonds being sold by a Asian private collector in Geneva on Nov. 13 is valued at around 2 million Swiss francs ($2.29 million), Sotheby's said, although it may fetch much more.
The piece was at the center of a scandal in the 1780s known as the 'Diamond Necklace Affair' in which a hard-up noblewoman named Jeanne de la Motte pretended to be the French queen and acquired the necklace in her name without payment
A subsequent trial found the queen blameless, yet did little to alleviate her growing notoriety for extravagance which helped fuel the French Revolution and Marie Antoinette's beheading.
"It's likely or possible that some of these diamonds may have come from the famous diamond necklace that led to the downfall of Marie Antoinette," Jessica Wyndham, head of magnificent jewels sales for Sotheby's, told Reuters on Thursday.
"What we've seen is that jewelry with a noble provenance can generate a huge amount of excitement," she added, citing a pearl pendant belonging to the French queen which the auction house sold in 2018 for many times its initial estimate.
The diamonds of the original piece, crafted in 1776, were later sold piecemeal on the black market so are almost impossible to trace. However, some experts say the quality and age of the diamonds point to a match.
The necklace, which resembles a neck scarf, can be worn open or knotted at the front. One of its previous owners was Britain's Marquess of Anglesey and a family member wore it on the occasion of Queen Elizabeth II's coronation, according to Sotheby's.
"I think it's one of the most exciting pieces that we've had for a long time, not only with the provenance, but the design," said Wyndham.