21 May 2006
RIYADH: The Al-Qettar Al-Saudi Consortium has been selected as one of the four consortiums to pre-qualify for the Saudi Land bridge project which has been announced by the Saudi Rail Organization. Chaired by Prince Sultan Bin Mohammed Bin Saud Alkabeer Al-Saud, this Consortium consists of a number of Saudi Investors including Abdulaziz Alsaghyir Commercial Investment Company, Abdullatif & Mohammed Al-Fozan Development Co., Mohammed & Abdullah Al-Subeaei Co., Abdulkadir Al Muhaidib Group of Companies and Omran M. Al-Omran Co., Ltd.

Prince Sultan Bin Mohammed said: "This joint venture is part of the current strategy of the Saudi government aiming at development of all economic and tourist sectors to meet the significantly remarkable surge and progress in the Kingdom."

He said the Saudi Government seeks to enhance its economy and widen the scope of its promising economic and industrial projects benefiting both public and private sectors, keeping in mind that Saudi Arabia has become a center for foreign investments and capitals.

Prince Sultan pointed out that this project is a clear evidence for the public-private sectors' partnership that aims to realize the strategic goals and visions for the benefit of the Kingdom and its citizens.

© The Saudi Gazette 2006