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
 Jan 26 2015 - FGB announces deal with Dalma EnergyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th January, 2015 (WAM) - FGB looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on ...

 Jan 26 2015 - Dubai Islamic Bank Group net profit up by 63 per cent to AED 2.8 billion in 2014Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 25th January, 2015 (WAM)-Dubai Islamic Bank (DFM: DIB), today announced that its net profit surged by 63 per cent to AED 2.80 billion, up 63 per cent in ...

 Jan 26 2015 - FCCI organises first Serbian Business and Investment ForumEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th January 2015 (WAM) -- Federation of UAE Chambers of Commerce and Industry (FCCI) on Sunday organised the First Serbian Business and Investment ...

 Jan 26 2015 - DAE, Azul announce completion of Sale Leaseback TransactionsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th January, 2015 (WAM) - Dubai Aerospace Enterprise, DAE, and Azul Brazilian Airlines, today announced that they had recently completed delivery of 5 ...

 Jan 26 2015 - OPEC daily basket price for Friday 23rd January 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th January, 2015 (WAM) - The price of OPEC's basket of twelve crudes stood at US$ 43.69 dollars a barrel on Friday, compared with $43.05 the previous ...

 Jan 26 2015 - Sultan bin Zayed attends President's Cup for Junior and Young RidersEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 22nd January, 2015 (WAM) - H.H. Sheikh Sultan bin Zayed Al Nahyan, the President's Representative and Chairman of the Emirates Heritage Club, today ...

 Jan 26 2015 - Sultan bin Zayed attends President's Cup for Junior and Young RidersEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 22nd January, 2015 (WAM) - H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, received a delegation from the ...

 Jan 26 2015 - Six flights delayed, 21 diverted at Kuwait Airport due to bad weatherEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) KUWAIT, 26th January, 2015 (WAM) - Six flights were delayed at the Kuwait International Airport, while 21 others were diverted to neighbouring airports when ...

 Jan 26 2015 - Sharjah Children's Biennial develops children's skills in design, composition and cinematographyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH, 26th January, 2015 (WAM) - The Sharjah Children's Biennial, the first of its kind event dedicated to children in the UAE and the region, is organising ...

 Jan 26 2015 - RAK Ruler receives Al Shohooh Culture and Heritage Society's delegationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH, 26th January, 2015 (WAM) - H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has received members and ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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