The Mobico Group has announced that its ALSA subsidiary has won an eight-year capital-light contract within the Kingdom of Saudi Arabia.
Awarded as part of a Joint-Venture project, the contract carries a value of 500 million EUR in revenue.
The new city will focus predominantly on entertainment
The contract, which will be run with a local company, will include the operation of 156 vehicles, with 126 being electric. The vehicles will serve Qiddiya, a new city located on the outskirts of Riyadh.
ALSA will also be responsible for the operation of Park & Ride facilities and shuttle services connecting Riyadh and Qiddiya.
The company first established operations in Saudi Arabia in October 2023, providing long-haul, intercity services across its southern region. More
