Saudi women to operate metro rail at PNU

Updated 08 May 2013

Saudi women to operate metro rail at PNU

The driverless metro rail, to be operated by a team of only Saudi women inside the women’s school at Princess Nora bint Abdurahman University (PNU) in Riyadh, will start functioning in September.
The project belongs to Saudi Railway Company (SAR) and has a contract value of around $ 150 million (SR 563 million), said Eduardo La Ficara, the commercial manager for Ansaldo STS, a multinational technology company that produces signaling and automation systems for railways. He said his company trained more than 55 women in Copenhagen, Denmark.
“They are certified and professional female drivers,” he said. The women however will not be driving the metro.
La Ficara talked to Arab News on the sideline of the fourth annual summit on Middle East Rail Opportunities that kicked off in Riyadh. The event highlights the rail infrastructure across the Kingdom based on case studies of successful railway networks.
“Over the last decade, the Middle East has seen a substantial increase in the number of established rail projects,” said Business Director of Fleming Gulf Conferences, Rameem Mohammed.
He said the GCC has invested several billions of dollars to construct a railway line connecting major countries across the region. Saudi Arabia is constructing a speed line, a monorail, the North-South railway project and there are many others in the pipeline.
Abdullah Balhaddad, vice president of the Railway Land Bridge Project Steering Committee from Saudi Railways Organization highlighted in his opening speech the importance of safety at a time when the GCC countries are embarking on the construction of their railways in a challenging Gulf environment.
Abdullah Almotawa, director at Arriyadh Development Authority, addressed the participants on metro networks across the Kingdom and their economic feasibility.
Rabii Ouadi of Huawei Technologies, head of business development, dwelt on innovative ICT Solutions for Saudi Railway Projects.
With the rapid development of railway transport, simple voice and constraint data services couldn’t satisfy the high-speed data requirement both from train operators and passengers, he said.
For train operators, a more efficient way to guarantee train operational safety and on-board security is becoming more and more important. Services such as on-board broadband video service are beyond the reach of GSM-R, an international wireless communications standard for railway communication. “They are readily available on a solution Huawei provides,” he observed.
He pointed out that for the passengers, many people are enthusiastic about using mobile broadband services while on the move with laptops, mobile phones and cloud computing devices.
The first day of the summit was chaired by Shahid Khan from the Saudi Bin Laden Group. Other speakers on this day included Liu Gang, director for the International Business Division at CNR Changchun Railway Vehicles Co. Ltd (CNRCRC) in China, Hamad Bin Yousef of Saudi Railway Company and John Thomas and Ahmed Al-Musawa Al Hashemi from Etihad Rail.
Railway technology solution providers Vossoloh and Parsons will attend the event.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”