Webuild and its joint venture partner Shibh Al Jazira Contracting Company (Sajco) have signed a contract worth €1.4 billion ($1.53 billion) to design and build 57 km of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia.
Webuild and joint-venture partner Shibh Al Jazira Contracting Company (Sajco) have signed a €1.4bn contract to design and build 57km of a high-speed railway serving the futuristic commercial and residential region of Neom on Saudi Arabia’s northern Red Sea coast.
The proposed railway, the Connector, will traverse the north Red Sea coast and will connect two of the planned mega-cities of Neom, The Line and Oxagon.
Webuild Spa, in a joint venture with Shibh Al Jazira Contracting Company - SAJCO, announced Thursday that it has signed a contract worth about EUR1.4 billion in total value for the design and. | May 11, 2023