Major Saudia Arabia contract win

Summary by AI BETAClose X

Mobico Group PLC announced that its ALSA subsidiary, as part of a Joint Venture, has secured an eight-year contract in Saudia Arabia with a total revenue value of €500 million. The capital-light contract involves operating 156 vehicles, including 126 electric vehicles, to serve Qiddiya, a new entertainment city near Riyadh. The operations will include Park & Ride facilities and shuttle services connecting Riyadh and Qiddiya. This contract expands ALSA's presence in Saudi Arabia, where it has been providing intercity services since October 2023.

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Mobico Group (MCG)
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