Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains.
The MoU also entails Alstom to establish its regional headquarters in the kingdom. It also aims to explore the future of sustainable transport in the kingdom and identify investment opportunities in the public transport sector related to railway infrastructure, sustainable transport technologies and reducing carbon emissions, in line with the objectives of Vision 2030.
Saudi Arabia aims to reach net zero emissions by 2060 and the regional player whose sustainable mobility infrastructure, such as rail transport, plays a major role in achieving the kingdom’s sustainable development goals.