The Al Shoula Group consortium includes 12 Spanish companies and two from Saudi. They will build and operate the line for 12 years under the €6.736bn (£5.9bn) contract.
The contract for the second phase of the Haramain high-speed rail project involves design and construction of the railway tracks, installation of signalling and telecommunication systems, electrification, the operational control centre, provision of 35 trains designed for speeds of more than 300km/h as well as operation and maintenance for 12 years.
The consortium includes three Spanish public-sector businesses - Adif, Renfe and Ineco - as well as Indra, OHL, Consultrans, Copasa, Imathia, Cobra, Dimetronic, Inabensa and Talgo. The Saudi companies are Al Shoula and Al Rosan.