Saudi-South African Rail Tracks Company announced

Riyadh, June 22, SPA -- With the presence of Dr. Jubarah Eid Al
Suraiseri, the Minister of Transport, The Saudi Arabian- South
African rail tracks specialized company called 'T-Track' has been
announced.

The Kingdom of Saudi Arabian is chosen to be the venue and
headquarters of its regional operations in the Middle East.

Dr. Jubarah drew attention to the fact that the Government of the
Custodian of the Two Holy Mosques, welcomes and encourages the
private sector to boost and bring the technology and expertise needed
by the Kingdom, especially if these are advanced technologies-type
and help to make the best use of resources and are consistent with
the environment and the terrain of the region.

The private sector has become an active partner with the government
sector in the management of the wheel of development, adding that it
is able to take initiatives in various areas of trade and investment,
he said.

"Saudi Arabia has become a magnet for foreign investors due very
important factors including the wise policy of the Custodian of the
Two Holy Mosques, the incentives and facilities provided by the
government of Saudi Arabia such as foreign investment System, funds,
strong infrastructure, the geographical location and the confidence
of investors in the national economy, " Dr. Jubarah noted.

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