# Webuild JV wins $1.4B high-speed rail contract for Saudi Arabia's Neom

Webuild and joint-venture partner Sajco signed a €1.4 billion contract to design and build 57km of high-speed railway for the Neom region in Saudi Arabia, creating around 4,000 jobs.

- Type: Contract
- Announced: 2023-05-11
- Where: Neom, Saudi Arabia, Saudi Arabia
- Value: $1.53B (1.40B EUR)
- Jobs: 4,000
- Status: announced
- Products: high-speed railway, freight railway tracks

## Companies

- [Webuild](https://endata.com/companies/40756.md)
- [Shibh Al-Jazira Contracting Company](https://endata.com/companies/63454.md) (partner)

## Sources

- [railbus.com.ng](https://railbus.com.ng/2023/05/12/webuild-jv-lands-1-4bn-high-speed-rail-contract-for-saudi-arabias-neom/), 2023-05-12: "The JV agreement is split 70/30 between Webuild and Sajco."
- [webuildgroup.com](https://www.webuildgroup.com/en/media/press-releases/webuild-and-jv-partner-sajco-win-1-4-bn-contract-in-neom/), 2023-06-13: "The contract covers the design and build for the majority part of the Connector, a railway connecting Oxagon, NEOM’s center for advanced and clean industries with THE LINE."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.