Thursday, February 12, 2009

The Chinese company will pave the monorail between Mecca and Medina.

The Chinese State Company for Construction of Railways has signed a major contract with the Government of Saudi Arabia to build a monorail railroad between Mecca and Medina - the traditional places of pilgrimage for Muslims. It says Saudi newspaper Arab News, the contract price of nearly 1.8 billion dollars. Expected to be completed in 2012.
In Saudi Arabia, is visiting Chinese President Hu Jintao. The contract for the construction of monorail is one of several agreements signed during the visit. Beijing and Riyadh also entered into an agreement on cooperation in oil, gas and mining industries, as well as in health.
For China, Saudi Arabia is the largest supplier of oil. In 2008, the supply of 36 million tons. Oil and oil products occupy the bulk of trade turnover between the two countries, which is estimated to be approximately 42 billion dollars since 2005, has grown twice
In Saudi Arabia, are 62 Chinese companies and 15 thousand Chinese workers, writes British newspaper The Daily Telegraph. The Chinese state oil company Sinopec has been negotiating to build two oil refineries.
In January 2008, JSC "Russian Railways" (RZD) won the tender for the construction of a railway in Saudi Arabia. The contract value was estimated at 800 million dollars, but in May 2008, Saudi authorities canceled the results of the competition. The head of Russian Railways Vladimir Yakunin explained the failure of the contract, the problem of international relations. "

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