Saudi rail deal gives boost to Spanish train sector

Saudi Arabia has ordered 20 new high-speed trains from Spain’s Talgo SA (TLGO.MC), the company and Spain’s transport minister have announced. In a statement, Talgo said the deal adds 1.33 billion euros ($1.57 billion) to its order backlog, bringing it to a total of nearly 6 billion euros, a record. The contract also covers maintenance […]