Saudi Arabia shortlists contractors for Riyadh monorail project.

Saudi Arabia has shortlisted four consortia to offer financial and technical bids for the construction of the Riyadh monorail project.

The four groups incorporate 33 companies from 15 different countries, including major monorail manufacturers worldwide.

The High Commission for Riyadh Development (HCRD), which floated the bid for the project, has shortlisted the consortia from the 38 bids it received; the four shortlisted teams must now submit their financial and technical bids within four months.