Saudi Arabia has ordered 20 new high-speed trains from Spain’s Talgo SA (TLGO.MC), the company and Spain’s transport minister have announced.
In a statement, Talgo said the deal adds 1.33 billion euros ($1.57 billion) to its order backlog, bringing it to a total of nearly 6 billion euros, a record. The contract also covers maintenance for the trains.
The agreement is a boost for the Spanish rail sector, which has
