US rail firm building Riyadh HQ to target Saudi market

US rail firm building Riyadh HQ to target Saudi market

In the wake of the announcement, 24 companies have already confirmed their intentions to establish headquarters in Riyadh.One of the companies, US-based transportation giant Greenbrier, builds, leases, repairs, supplies and manages railcars in the Middle East, North and South America and Europe."A number of the goals outlined in Vision 2030 are in line with the products and services the Greenbrier Companies have to offer. We are confident we can help Saudi Arabia achieve these goals and support other GCC countries from here and that's why we chose Riyadh as our regional headquarters,“ he said.Isselmann said that the rail sector in the Kingdom is crucial in expanding the mining sector as the third pillar of the Saudi economy, behind oil and petrochemicals."Rail is also essential to transforming the Kingdom into a global logistics hub. Overreliance on trucks for overland logistics is an impediment to the Kingdom achieving this goal. Rail is four times more fuel efficient than trucks, and every train takes literally hundreds of trucks off of the roads. This makes driving safer for Saudi families, and it reduces the heavy cost of repairing roads damaged by a constant stream of trucks,“ he added.According to a statement from the company,