Siemens has dropped a bid to supply trains and equipment for the $7bn Mecca-to-Medina high-speed railway line project in Saudi Arabia, opting to join a Chinese consortium bidding for the work.
In a sign of the growing global competitiveness of Chinese rail manufacturers, Siemens abandoned its own bid as part of a consortium with the Saudi Binladin Group.
Instead, it has joined a bid led by state-owned China South Locomotive & Rolling Stock Corporation for the second phase of the Haramain high-speed rail project, according to people familiar with the situation.
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