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Reading: Alstom signs £63.5M railway support agreement with Saudi Railway Company
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GCC Railway > Saudi Arabia > Alstom signs £63.5M railway support agreement with Saudi Railway Company
Saudi Arabia

Alstom signs £63.5M railway support agreement with Saudi Railway Company

November 26, 2024 3 Min Read
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Alstom signs £63.5M railway support agreement with Saudi Railway Company
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Alstom has formalised a five-year Technical Assist and Spare Half Provide Settlement (TSSSA) with the Saudi Railway Firm (SAR), valued at SAR 300M (£63.5M).

This settlement was unveiled throughout the Saudi Rail Exhibition and is geared toward bolstering the operation of the important east-west freight hall, integral to Saudi Arabia’s financial progress.

The TSSSA will see Alstom present complete technical help to SAR, together with a constant provide of spare components important for the upkeep and operation of the railway fleet, in addition to focused coaching for SAR personnel.

A notable facet of this settlement is the incorporation of Alstom’s HealthHub digital answer. This superior know-how permits for real-time monitoring of locomotive efficiency, enabling the implementation of predictive upkeep methods. By leveraging such revolutionary applied sciences, Alstom goals to scale back operational downtime, improve upkeep effectivity and improve the general reliability of SAR’s diesel locomotives, that are pivotal to the performance of the east-west freight hall.

The east-west railway itself is essential for facilitating the motion of products throughout Saudi Arabia, connecting key logistics factors such because the ports of Dammam and Jubail with the Riyadh dry port. Investments and enhancements to this hall are instantly linked to Saudi Arabia’s Imaginative and prescient 2030 ambition of creating itself as a central logistics hub, which aligns with broader objectives of sustainable improvement and financial diversification.

Imaginative and prescient 2030 is the principle undertaking of Saudi crown prince Mohammed bin Salman to attempt to diversify the nation’s economic system and tradition away from oil and gasoline, whereas nonetheless pursuing expanded fossil gas extraction. It is usually to make it extra interesting as a possible host nation for the 2030 Fifa World Cup.

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A latest ITV documentary mentioned that 21,000 migrant employees have died in Saudi Arabia because the begin of Imaginative and prescient 2030 in 2016. Saudi Arabia’s Nationwide Council for Occupational Security and Well being referred to as this “misinformation”.

Alstom managing director of Center East regional headquarters Mohamed Khalil mentioned the settlement “is a testomony to our shared imaginative and prescient with SAR of advancing Saudi Arabia’s transportation ecosystem in alignment with Imaginative and prescient 2030.

“By empowering SAR with cutting-edge applied sciences and data switch, we’re fostering a aggressive and sustainable sector whereas enriching native expertise and experience throughout the Kingdom’s railway trade. This collaboration will present SAR’s engineers and technicians with invaluable hands-on expertise, bolstering their capabilities and solidifying their very important function within the Kingdom’s bold progress plans.”

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Reading: Alstom signs £63.5M railway support agreement with Saudi Railway Company
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