Habtoor Leighton’s rail company in Saudi partnership
Habtoor Leighton Group’s specialist rail services provider, Advance Rail Group (ARG), is to partner with Al Rashid Trading and Contracting Company (RTCC) for bids on more than SAR 3bn future rail opportunities. With plans to strategically bid on rail projects on the Saudi Railway Company’s network, ARG general manager Warwick Georgeson, said the partnership with […]
Habtoor Leighton Group’s specialist rail services provider, Advance Rail Group (ARG), is to partner with Al Rashid Trading and Contracting Company (RTCC) for bids on more than SAR 3bn future rail opportunities.
With plans to strategically bid on rail projects on the Saudi Railway Company’s network, ARG general manager Warwick Georgeson, said the partnership with the Saudi Arabia-based RTCC would be mutually beneficial.
“This strategic joint venture will ensure both parties capitalise on each other’s strengths,” he said.
“ARG’s decision to partner with RTCC was founded on their strong history in the Kingdom and its successful completion of several high profile projects in the region.”
RTCC is currently completing a contract in Saudi Arabia to construct 817 kilometres of SAR’s 2,400 kilometre North–South Railway.
Meanwhile, SAR is prequalifying consortia for a number of rail projects in the Kingdom.
The UAE based-Al Habtoor Leighton Group (HLG) formed ARG in October 2010, following a partnership with Australian rail contractor John Holland and a remit to pursue an expected US$75 billion worth of GCC rail projects.
HLG CEO and Managing Director and ARG shareholder Laurie Voyer welcomed the partnership as a positive step for the Group’s operations in Saudi Arabia.
“This joint venture with RTCC to bid for some of these key railway opportunities will complement our already established business in KSA,” he said.
“We have identified the Kingdom as a strategic geographic region for our business and the market there is robust and sustainable with predominantly government-funded infrastructure works.”
Georgeson added: “This type of allegiance supports the Kingdom’s drive for international partners. It allows international companies such as ARG to share our skills and to assist in the exciting development of the Kingdom.”
