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Home Finance

Riyadh-Jeddah railway line awaits final financing approvals

admin by admin
October 22, 2024
in Finance
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Currently, there is a passenger and cargo rail line from Riyadh to Dammam on the Gulf coast, but there is no railway linking the 950 kilometres between Riyadh and Jeddah on the Red Sea coast.

The rail network is seen as a key element of Saudi Arabia’s strategy to establish itself as a global logistics hub, given its strategic location at the crossroads of Asia, Africa, and Europe.

The government has allocated billions of dollars for infrastructure projects, including ports, railways, aviation, and special economic zones, as highlighted by transport and logistics…



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