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Saudi Spending on Rail Projects to Reach $79bn in Next 10 Years  Join our daily free Newsletter

MENAFN - Qatar News Agency - 31/12/2013

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(MENAFN - Qatar News Agency) 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, reported Saudi Gazette on Monday

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.

 






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