Foreign firms submit requests to invest in Saudi transport sector: PTA chairman

05/12/2018 Argaam

 

The Saudi Public Transport Authority (PTA) has received applications from foreign firms to invest in the local land transport sector, Al-Eqtisadiah newspaper reported, citing PTA Chairman Rumaih Al Rumaih.

 

"The Public Transport Authority and the Saudi Arabian General Investment Authority will award contracts to investors with strong track record, so as to enhance the quality of services," Al Rumaih said.

 

The authority has so far licensed 12 ride-hailing applications and is studying to allow new market entrants.

 

Meanwhile, Al Rumaih said that the public authority is keen to boost Saudization, adding: "The authority has Saudized about 500,000 jobs across 60 cities in the taxi sector through ride-hailing applications." 

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