Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Spending on rail projects to reach $79bn in 10 years  Join our daily free Newsletter

MENAFN - Arab News - 31/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) Saudi Arabia's infrastructure spending continues to surpass expectations. The Kingdom is especially committed to a nationwide transportation infrastructure expansion program, which will feature one of the world's most sophisticated rail and metro networks.
Spending on rail projects alone is forecast to reach around 79 billion in the next 10 years.
The total value of logistics projects connected to such developments across the GCC is projected to reach 3.7 billion by 2015. Last year, GCC countries signed the biggest number of logistics contracts in the Middle East, fueled by large investments, high consumer spending, and rapid economic growth. The magnitude and multi-modal scope of regional transport investment initiatives are creating huge opportunities for developers, contractors, transport facility operators and their related industries.
To highlight Saudi Arabia's market potential, Riyadh Exhibitions Company ( REC ), recently announced the launch of Saudi Logitrans 2014 - the international exhibition for transport, logistics and freight, and Saudi Rail 2014 - the international exhibition for rail, metro lines and urban transportation.
The two events will be held from Oct. 27 to 29 at the Riyadh International Convention and Exhibitions Center (RICEC), showcasing the latest products, equipment, technologies and services from international businesses from respective industries and providing an effective networking forum.
Zeyad Al-Rukban, deputy general manager, REC, said: "The aggressive pace of transportation infrastructure development in Saudi Arabia offers a conducive environment for regional and international logistics service providers to establish and expand their presence here. By providing integrated supply chains, freight forwarding services and specialized warehousing zones, these organizations can in turn boost the Kingdom's industrial growth."
He said: "Saudi Logitrans 2014 and Saudi Rail 2014 will facilitate the development of this rapidly expanding sector and highlight the wealth of existing and future opportunities that the Kingdom and wider GCC have to offer. It is an ideal platform to assess market needs and challenges as it will gather leading businesses and professionals from the industry."
Saudi Logitrans 2014 and Saudi Rail 2014 are being organized with the support of the Ministry of Transport and Saudi Railways Organization.
The Saudi Transport and Logistics seminars will be hosted concurrently.
They will provide a forum for key government decision-makers, transportation bodies, port authorities and industry professionals to announce initiatives, formulate strategies, discuss the latest case studies and exchange information on global best practices.


Arab News

  MENA News Headlines
 Oct 10 2015 - Al Masah plans USD299m healthcare expansion across GulfMENAFN
(MENAFN) Al Masah Capital Limited has revealed plans to invest around USD299 million to support the growth and regional expansion of its newly-rebranded healthcare private equity initiative.The ...

 Oct 10 2015 - UAE Eagle Hills starts work on USD3b Belgrade Waterfront projectMENAFN
(MENAFN) Eagle Hills, a UAE-based private investment and real estate development company has announced the start of construction of its flagship development in Belgrade.Belgrade Waterfront, the ...

 Oct 10 2015 - Dubai's hotel revenues down 10.1 percent in AugustMENAFN
(MENAFN) Four- and five-star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45.Figures from hospitality ...

 Oct 10 2015 - UAE-All Blacks look to perfect their edgeKhaleej Times
(MENAFN - Khaleej Times) Even without a limping Richie McCaw the All Blacks go into their final group game against Tonga insisting they are ready for the World Cup ...

 Oct 10 2015 - UAE-Work place etiquette to abide byKhaleej Times
(MENAFN - Khaleej Times) Last week I was invited to facilitate an Emotional Intelligence training programme for 22 participants at an interior decorating firm. Their ...

 Oct 10 2015 - Asiri hails UAE s role in Arab coalition says no safe havens to rebellious militiasEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 10th October 2015 (WAM) - Spokesman of the Saudi-led Arab coalition forces Ahmed Asiri has praised the played by the UAE in the coalition and the ...

 Oct 10 2015 - Hamdan bin Mohammed Launches 'Taqdeer Award' to Recognize Excellence in Labour Welfare PracticesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) - Crown Prince of Dubai: "The Award reflects the importance that Dubai places on ensuring progressive labour practices in line with global standards" - ...

 Oct 10 2015 - Saudi-Celebrity clockmaker thanks KSA on arrivalArab News
(MENAFN - Arab News)JEDDAH: Talented American student of Sudanese origin Ahmed Mohammed Al-Hassan arrived in Jeddah on Friday morning to perform Umrah and visit his relatives. The Kingdom last week ...

 Oct 10 2015 - Israelis worried but defiant amid wave of stabbingsGulf Times
(MENAFN - Gulf Times) Israelis are deeply unnerved in the midst of a spate of stabbings that have brought back memories of previous Palestinian uprisings, but say they are ready to "confront" any ...

 Oct 10 2015 - Kingdom job seekers' paradiseArab News
(MENAFN - Arab News)JEDDAH: The Eastern Province Riyadh and Jeddah are among the most sought after locations for job seekers in the Middle East North Africa (MENA) region a new study has found. The ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help