The merger between Saudi Railway Co. (SAR) and Saudi Railways Organization (SRO) is an important step in privatizing some of the transport sector works, said Saudi Minister of Transport and SAR chairman Saleh Bin Nasser Al Jasser.
The merger will contribute to raising efficiency and flexibility and will enhance the effectiveness of services to achieve an optimal investment of resources, Al Jasser said, the Saudi Press Agency reported.
The merger will also open up broader development horizons in operation and investment in a way that will reflect positively on the services provided to the beneficiaries of passengers, institutions, and various entities.
"This will positively reflect on the national economy, enhance the capabilities of local content, and increase job opportunities in the transport sector," the minister added.
For his part, SAR CEO Bashar Al Malik confirmed that the merger will enhance SAR’s capabilities and open up prospects for local and foreign investors in diverse fields, including manufacturing, operations, implementation, research and development, and others.
It will also enhance the local content in these projects with the active participation of the private sector, he added.
