BonelliErede advises Stadler in the supply of Next Generation Intercity Trains to Saudi Arabia

BonelliErede has advised Stadler in signing contracts with Saudi Arabia Railways (SAR) for the supply and the maintenance of 10+10 Next Generation Passenger Trains for the operation on the growing railway network in the Kingdom of Saudi Arabia.

With these landmark contracts, SAR is taking the next step towards the VISION 2030 development of their railway operation. For Stadler these are the first contracts in one of the fastest growing railway markets, the GCC-region. The total contract volume is approximately 600 million CHF.

The new trainsets will be designed according to the latest European and international standards while being equipped particularly for the climatic and ambient conditions in Saudi Arabia.

The signature was witnessed by H.E. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services of Saudi Arabia and chairman of the board of SAR as well as the Swiss Federal councillor Guy Parmelin.

Speaking on the deal, BonelliErede Dubai managing partner Marco De Leo said, “It was an honour to advise Stadler in their groundbreaking deal to expand their relationship with the Kingdom of Saudi Arabia. KSA is a vital market for the transportation sector and we’re proud of our role in helping Stadler support Saudi Arabia to achieve its initiatives in accordance with Saudi Vision 2030.”

The BonelliErede team was led by Dubai managing partner Marco De Leo and partner Giuseppe Manzo in Milan. They were assisted by associates Giulia Vannoni (Milan) and Sami Moacdieh (Dubai).

Saudi Arabia Railways was advised by CMS partner David Moore.