23rd Feb 2015 08:24
LONDON (Alliance News) - FTSE 250-listed support services company Serco Group PLC on Monday said it has signed a deal to provide management and technical suppport for operations on the North South Railway in Saudi Arabia.
Serco has signed the GBP120 million, five-year deal with the Saudi Railway Company and said the contract will start immediately.
"I am delighted that Serco have won this important contract, which is completely aligned with our strategy of building an international public service business specialising in Transport, Justice & Immigration, Defence, Citizen Services and Healthcare. It also reinforces the success we have had in other rail projects in Dubai and Qatar, and positions us as the leading operator in rail in the Middle East," said Serco Chief Executive Rupert Soames.
Shares in Serco were up 0.9% to 213.8 pence on Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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