Rome, 15 May 2019
With the aim of consolidating the FS Group's presence in Saudi Arabia - pursuing further business opportunities in the Middle East and following the management of the O&M Metro Riyadh project - on 31 March 2019, FS International established the first subsidiary of FS SpA beyond European borders, named "Ferrovie dello Stato Italiane Saudi Arabia for Land Transport LLC".
In line with FS International's international development strategy, the company will operate under the "FS Italian Railways Saudi Arabia" trademark, introducing a standard that will characterise all future non-European subsidiaries.
The new company's offices are housed in the Grand Tower and overlook the prestigious King Fahad Road, just like all the other iconic skyscrapers that define the Riyadh skyline.
Regulation works are underway whilst the inauguration, to be attended by the main stakeholders, institutions and representatives of national and local entrepreneurship, is scheduled for the end of the summer to mark the start of a subsequent phase of commercial development.
Many railway initiatives are planned whilst others are already underway in the country that remains one of the global markets of reference. The O&M Metro Riyadh project is considered to be the most important metropolitan project of the moment, constituting a potential springboard towards future opportunities.