Published by Global Banking & Finance Review®
Posted on February 8, 2026
2 min readLast updated: February 8, 2026
Add as preferred source on GoogleSaudi Arabia orders 20 high-speed trains from Spain's Talgo for €1.33 billion, boosting the Spanish rail sector.
MADRID, Feb 8 (Reuters) - Saudi Arabia has ordered 20 new high-speed trains from Spain's Talgo SA, the company and Spain's transport minister said on Sunday.
In a statement, Talgo said the deal adds 1.33 billion euros ($1.57 billion) to its order backlog, bringing it to a total of nearly 6 billion euros, a record. The contract also covers maintenance for the trains.
The agreement is a boost for the Spanish rail sector, which has taken a heavy hit to its reputation in the wake of a train collision near Cordoba last month that killed 46 people. The accident raised questions over whether investment to maintain the network is keeping pace with surging passenger demand.
Transport Minister Oscar Puente lauded the deal in a post on X.
"We guarantee the continuity of (state rail company) @Renfe as manager of Saudi high-speed rail until 2038 and the purchase of 20 new trains from @TalgoGroup with an injection of more than 2.8 billion euros for our companies," he wrote.
Saudi Arabia's rail system has been operating Talgo trains since 2018.
($1 = 0.8463 euros)
(Reporting by Graham Keeley; Editing by Joe Bavier)
A high-speed train is a type of passenger train that operates significantly faster than traditional trains, typically exceeding speeds of 250 km/h (155 mph) on dedicated tracks.
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, or other financial instruments.
Train maintenance refers to the regular inspection, repair, and servicing of trains to ensure they operate safely and efficiently. This includes mechanical, electrical, and structural checks.
Explore more articles in the Finance category
