Ankai Bus Signs the Biggest Order for School Buses to Saudi Arabia

www.chinabuses.org: On 4 May 2011, Ankai Bus has signed the purchasing agreement with Hafil Hajj Transportation Establishment in Saudi Arabia for 3000 Ankai school buses, referring to the amount of 152 million USD, which accounts for about 31% of the audited operation revenue . This is the biggest order for China buses to Saudi Arabia.

Ankai school bus

 

Ankai Bus takes some financial risks due to its assistance to Hafil Hajj for bank load financing (80% of the contract amount). According to Wang Xianfeng, the actual price is reasonable because the cost of the school bus is not so high when mentioned about the profits.

 

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