Ericsson and Saudi Railway Company (SAR) have signed an agreement to collaborate on advancing rail operations through 5G technology. The collaboration includes testing 5G use cases, conducting real-world trials, and training industry teams.
Riyad Capital, a leading investment manager, has entered into a deal with Saudi Railway to set up a SAR6 billion ($1.6 billion) real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model on a 90,000 sq m area in Makkah.
