Austrian Firm Pulls Out of Riyadh Metro Project

Austrian construction firm Strabag has pulled out of a bid to build a new metro system in Riyadh, where it had been leading a consortium of firms, it said on Tuesday.

“Due to the complexity of the project, it did not pass our selection criteria,” a Strabag spokeswoman wrote in an email to Reuters, confirming a report in Austria’s WirtschaftsBlatt.

Building a metro in a city like Riyadh is definitely a complex project. It will be interesting to see how ArRiyadh Development Authority would handle this.