Saudi Rail inks finance deal to purchase 10 new passenger trains

25/09/2026 01:59 AST

Saudi Arabia Railways (SAR) has signed a financing agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland AG to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler.

The purchase is part of SAR's strategic plans to expand and develop its passenger fleet.

The new order builds on SAR's contract with Stadler signed in 2024, bringing the total number of trains contracted from the company to 20. Each new train will consist of five cars with a capacity of 302 seats.

SAR CEO Bashar AlMalik said the fleet expansion will enhance transportation options and intercity connectivity, support business and tourism, and increase the share of rail transport, in line with the National Transport and Logistics Strategy and Saudi Vision 2030.


Trade Arabia

Most Viewed Companies

Ticker Price Volume

Recent News

UAE bank customers receive Dh16 billion financial relief on loans

07/10/2026

The Central Bank of the UAE (CBUAE) has granted financial relief to 155,970 bank customers nationwide. The measures cover loans worth Dh15.9 billion ($4.33 billion) and run through the end of August.

Gulfnews

UAE outward FDI hits $63.353bn in 2025: UNCTAD

07/10/2026

Outward foreign direct investment (FDI) flows from the UAE reached $63.353 billion in 2025, as the country's outward FDI stock stood at $402.729 billion at the end of the year, compared with $55.560

Trade Arabia

Dubai set for new sports, lifestyle destination launch

07/10/2026

Dubai is set to welcome Club 15, a new 15,000 sqm sports and lifestyle destination opening in Al Quoz this October. Conceived as a sports city within the city, Club 15 brings professional-level sport

Trade Arabia

GCC approves five joint industrial investment opportunities

07/10/2026

The Gulf countries have approved five joint industrial investment opportunities as part of an initiative to identify 20 projects across the GCC region, marking a step forward in efforts to deepen ind

Trade Arabia

Saudi Arabia's non-oil shift builds long-term resilience, says S&P

07/10/2026

Saudi Arabia's structural shift toward non-oil revenue is strengthening the kingdom's long-term economic resilience, while rapid growth in its digital economy is supporting efforts to diversify beyon

Trade Arabia