Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Number of vacant plots blocking Haramain Rail Project rising  Join our daily free Newsletter

MENAFN - Arab News - 06/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The number of vacant plots blocking the Haramain High Speed Rail Project, joining Makkah and Madinah, has risen by 40.6 percent in the last two months, local media said quoting an official source at the Ministry of Transport.


The Jawhara Thuwal Plan in north Jeddah has the largest number of vacant plots whose owners have not yet finalized the expropriation procedures.


The rail plan calls for taking over 130 plots to carry out the project. The original number was 190 only two months ago which were to be distributed between Makkah and Bahra, the source told Al-Eqtisadiyah.
The source, who asked for anonymity, said the rail project will go ahead despite the existence of lands whose owners still have to finalize the expropriation procedures.


The ministry is set to address the Saudi Railways Organization (SRO) to invite the owners of the lands located at the Jawharah Thawl Plan in this regard.


He said the ministry willnot be held responsible for any price hikes of lands resulting from the delay of owners to consult the Land Assessment Committee and will deprive them from re-assessment claims after the expiry of the last announcement deadline.



The ministry has prerogatives to implement the project even if the owners fail to show up in accordance with the system of property expropriation for public interests.


On objections leveled by owners over the prices by the committee earlier, he said the ministry has re-assessed many lands based on decisions made by the Chamber of Grievances. However, a few lands are awaiting re-assessment after the approval of the representative of the Ministry of Finance, he said.


The Haramain High Speed Rail project, also known as the "Western Railway" is a 449.2 kilometers high speed inter-city rail transport system. It will link Madinah and Makkah via King Abdullah Economic City, Rabigh, Jeddah, and King Abdulaziz International Airport.

 


Arab News




  MENA News Headlines
 Jul 2 2016 - Jordan to cut 77 percent of GDP by 2021MENAFN
(MENAFN) Jordan aims to introduce a program of far-reaching structural reforms in order to face economic challenges.Accordingly, the new financial measures would target boosting the GDP and enhance ...

 Jul 2 2016 - Saudi, France discuss Vision 2030MENAFN
(MENAFN) Saudi Arabia's Vision 2030 is a catalyst and accelerator for development, which aims to enhance non-oil revenues.Additionally, there is a focus on growing regional content in industry and ...

 Jul 2 2016 - Dubai to invest USD1bn in road projectsMENAFN
(MENAFN) Dubai is doubling down on its bet that investments in transportation will spur the emirate's economy as lower crude prices strain budgets.Moreover, Dubai predicts to seek bids among 8 months ...

 Jul 1 2016 - Qatar, Indonesia join forces in gas searchMENAFN
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.Indonesia already sees and realizes the ...

 Jul 1 2016 - UAE seeks for India to be top business partnerMENAFN
(MENAFN) India is forecasted to surpass Japan as the top export destination of the UAE by the year 2030, according to the latest reports.Japan and India stood at 11 percent and 6 percent respectively ...

 Jul 1 2016 - Omani Port of Salalah initiates new crucial line servicesMENAFN
(MENAFN) Oman's Port of Salalah, a key Arab Gulf region gateway port for the Arabian Sea, is going to have French-based CMA CGM, the world's third-largest container shipping line adding two new ...

 Jul 1 2016 - Kuwait oil price up 54 cents to USD44.66 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The price of Kuwait oil went up by 54 cents to reach USD 44.66 per barrel Thursday after trading at USD 44.12 pb the day before, said ...

 Jul 1 2016 - Sabbiyah shrimp project to achieve production boom - studyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The proposed Sabbiyah shrimp farming project expected to be a leading one is designed to achieve a production boom to meet the rising ...

 Jul 1 2016 - Kuwait- No makeshift eid prayer locations -- ministryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- Eid Al-Fitr prayers will be confined to mosques and no makeshift prayer places will be set up, the Ministry of Awqaf and Islamic Affairs ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Rwanda on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Rwanda''s President Paul Kagame ...

more...


 





Google

 
 

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