Saudi Public Transport Co. (SAPTCO) signed today a SAR 100 million contract with Jeddah Metro Co. to support the rollout of a new bus service in the city, the firm said in a statement to Tadawul.

 

The project will replace the existing public buses and upgrade the quality of public transport services, it said.

 

Financial impact of the five-year contract is expected to show on Q1 results, SAPTCO said.

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