Al Rashid Trading and Contracting Company has signed an agreement with UAE-based Advance Rail Group (ARG) to strategically bid for SR3 billion railway projects in the Kingdom. Warwick Georgeson, GM of ARG, said the partnership would be mutually beneficial for both companies. The strategic joint venture will ensure both parties capitalize on each other's strengths. ARG's decision to partner with RTCC was founded on their strong history in the Kingdom and their successful completion of several high profile projects in the region, he added. Georgeson further said the Saudi Arabian Railway Authority is currently prequalifying consortia for several railway opportunities in the Kingdom. "This type of allegiance supports the Kingdom's drive for international partners. It allows international companies such as ARG to share our skills and to assist in the exciting development of the Kingdom. We have a strong belief in supporting local partnerships and utilizing the skills and abilities of local employees and suppliers so our philosophy fits well with this partnership," he noted. ARG was formed in October 2010.
