Nesma & Keolis to jointly bid for KSA transport deals
Nesma and French public transport operator Keolis signed a Memorandum of Understanding (MoU) in Jeddah this week, allowing the two companies to form a strategic alliance committed to developing new public transport systems within the Kingdom of Saudi Arabia.
Keolis operates all modes of transport across four continents, supported by two long-term shareholders: the French National Railways Corporation (SNCF), which holds a 70% share, and the Canadian institutional fund manager (CDPQ), which holds a 30% share.
Faisal Al Turki, vice president of Nesma Holding stated: “Together, we bring best in-class global expertise, combined with strong local knowledge and support, across the spectrum of public transport operations. I look forward to the opportunity to work with the various public transport authorities around the Kingdom on their ambitious and unprecedented programs.”
Karim Chaiblaine, CEO of Keolis in Middle East, said: “Keolis is committed to developing public transport systems within the Kingdom of Saudi Arabia, with Nesma complementing the Middle East Teams now located in Jeddah and Riyadh.
"Nesma and Keolis will leverage on their joint resources and expertise, abiding by the highest international standards.
We are honoured to enter into a partnership with such a leading company as Nesma, who share our values to safety and customer focus, and we are determined to provide world-class services to the residents of the Kingdom of Saudi Arabia."