Tuesday, Dec 28, 2010

CAIRO (Zawya Dow Jones)--Saudi Railways Organization said Tuesday it awarded Saudi Archirodon Ltd. a 382.8 million Saudi riyal ($102 million) contract to complete a dual railway linking the cities of Riyadh and Dammam on the country's east coast.

A trip between the two cities will take less than three hours once the railway is completed, SRO said in a statement posted on its website.

The project is expected to be finished within a year and a half, the company added.

-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com

Copyright (c) 2010 Dow Jones & Co.

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28-12-10 0936GMT