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Saudi Rail Deals Extend Renfe to 2038, Award Talgo €1.33 Billion Order

The Riyadh decisions amount to more than €2.8 billion for Spanish firms operating on the Haramain corridor.

Overview

  • Spain’s transport minister Óscar Puente announced in Riyadh that Renfe will continue operating the Mecca–Medina high‑speed line until 2038.
  • The operating consortium expects to bill about €300 million per year to the Saudi government for operation and maintenance through the new term.
  • Talgo secured a €1.332 billion contract from Saudi Arabia Railways to build and maintain 20 additional high‑speed trains for the route.
  • The measures were presented as a combined package exceeding €2.8 billion for Spanish companies active in Saudi rail projects.
  • The new order lifts Talgo’s backlog to roughly €6 billion and adds to the 35 trainsets it delivered for the Haramain line in 2018.