ahead for the establishment of Saudi Arabian Railways Company (SAR) and approved its statutes. The company is licensed to establish and implement the North South railway, its services and associate utilities, operate it, and supervise it directly or indirectly according to regulations. The company is also authorized to transport mineral materials, crude items, fuel, goods and passengers. The Extraordinary General Assembly of the company is allowed to present all or part of the company's capital of SR1 billion for public subscription. The Cabinet approved a protocol, signed in Beijing on January 23, 2006, between the Government of the Kingdom of Saudi Arabia and the Government of the Peoples Republic of China for cooperation in the petroleum, gas and minerals sectors. --More