Al Qettar Al Saudi Consortium pre-qualifies for the Saudi Landbridge Project

Chaired by H.H Prince Sultan Bin Mohammed Bin Saud Alkabeer Al Saud, this Consortium consists of a number of Saudi Investors including Abdulaziz Alsaghyir Commercial Investment Company, Abdullatif & Mohammed Al-Fozan Development Co., Mohammed & Abdullah Al-Subeaei Co., Abdulkadir Al Muhaidib Group of Companies and Omran M. Al-Omran Co., Ltd.

H.H. Prince Sultan Bin Mohammed Bin Saud Alkabeer Al Saud said: 'This joint venture is part of the current strategy of the Saudi government aiming at development of all economic and tourist sectors to meet the significantly remarkable surge and progress in the Kingdom. The Saudi Government seeks to enhance its economy and widen the scope of its promising economic and industrial projects benefiting both public and private sectors, keeping in mind that Saudi Arabia has become a centre for foreign investments and capitals.'

He pointed out that this project is clear evidence for the public-private sectors' partnership that aims to realize the strategic goals and visions for the benefit of the Kingdom and its citizens.

Both N.Al Saie S.P.C., a regional investment advisory firm, and Lazard & Co. co-played a major role in the formation of the Consortium, bringing together very prominent Saudi investors with some of the most significant world players in construction, logistics, cargo, shipping, and operation of passenger and freight railway industries.