The GCC countries alone own a line of railway projects worth about $ 142 billion, of which 21 percent is in the construction phase. In total, the Middle East and Africa region has railway projects worth $ 524 billion in various stages of construction. “MEED” stated that spending in the […]
Saudi Railway
The royal family of Saudi Arabia has approved the transfer of functions performed by the state-owned Saudi Railways Organization (SRO) to another state-owned rail company, Saudi Railways (SAR). The decision to liquidate the Saudi Railways Organization and transfer its functions to the Saudi Railway was made in March 2019. Until […]
The Riyadh city strategy includes almost 100 initiatives and projects, Al-Eqtisadiah paper reported citing Fahd Al-Rasheed, CEO of the Royal Commission for Riyadh City (RCRC),Arab News has reported. The investments of the Saudi government, represented by RCRC, the Public Investment Fund (PIF) and investment arms, reached $220 billion (SAR 825 […]
In a solemn ceremony, the start of the work on the laying of the superstructure of the track within the framework of package A of the second phase of the construction of the national railway network, operated by Etihad Rail, has been launched. Package A, worth AED 1.5 billion (US […]
The Al Haramian high speed to Mecca is becoming to be an unbearable headache for Renfe Operadora, the Spanish firm with the most participation (27%) of the 12 that make up the Al Shula consortium.Renfe is currently running at loss. From 2012 to 2018, the public railway company lost almost […]