Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - 'Transport sector key to development'  Join our daily free Newsletter

MENAFN - Arab News - 07/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Riyadh Gov. Prince Khaled bin Bandar has said that the huge allocation for the transport sector in the 2014 national budget is a pointer to the key role it plays in promoting development

Prince Khaled was speaking after inaugurating the "Leading Public Transport Projects in Saudi Arabia Exhibition and Forum" at the Riyadh International Convention & Exhibition Center on Sunday



Addressing the opening session of the three-day event, Prince Khaled said Saudi Arabia had witnessed major achievements in various fields, including the transport sector, while promoting economic development

The Kingdom is committed to providing high quality transportation service to meet the rapid growth in both population and the national economy, he said



The event, organized by the Ministry of Transport, was attended by top Saudi officials, including Prince Turki bin Abdullah, deputy governor of Riyadh, corporate honchos and representatives of local and international organizations



"The exhibition reflects the importance of transportation projects," he said, adding that the population in Riyadh was increasing and there was need for modern means of transport to cope with the rapid development taking place in the city

The Custodian of the Two Holy Mosques King A



Dullah has approved the King Abdulaziz Public Transportation project in the capital, which includes operation of both trains and buses, Prince Khaled said

The governor said these projects have been awarded to three global alliances, and its implementation would be overseen by the High Commission for Riyadh Development (HCRD). The project will become operational in four years time.

"Once they are completed, we shall have an integrated and effective public transport system in Riyadh," he said, adding that the project will have positive impact on many economic and social activities in the region

Speaking on the occasion, Transport Minister Jabara Al-Suraiseri said a comprehensive development study for Dammam has been completed and a report submitted to the King.

The white lands (vacant) that block the Haramain Train project are subject to expropriation, he said, adding that compensation to the owners would be fair and should not be an obstacle in the path of any project

The minister said the owners of these properties who are not appearing at the Departments of Roads in their respective cities where the ministry had taken up projects are creating problems.

In such cases, the ministry will have to initiate action, he said

Al-Suraiseri confirmed that the ministry had 80 maintenance contracts for roads including bridges and tunnels which are under committees working in all regions of the Kingdom

King Abdullah, he said, had advised the ministry to study the current situation of the public transport sector and learn from international experience and modern techniques to meet the needs of the community at an affordable price with the highest standards of safety, security and environmental conservation

These efforts had contributed to the success of various authorities concerned to have in place urban projects in public transport in various cities according to the latest specification. These projects will be implemented in Riyadh, Jeddah, Makkah and Al-Madinah, he said

 


Arab News




  MENA News Headlines
 Nov 22 2014 - Egypt to offer projects to domestic, foreign investorsAFP
(MENAFN - AFP) Egypt will offer a slew of projects to domestic and foreign investors at a conference in March aimed at kick-starting an economy battered by years of political unrest, the prime ...

 Nov 22 2014 - Qatar's Torrente and Carella finish second and fifth in UAEThe Peninsula
(MENAFN - The Peninsula) The Qatar Team's Shaun Torrente and Alex Carella finished second and fifth respectively in a processional Grand Prix of Abu Dhabi, the penultimate round of the 2014 UIM F1 ...

 Nov 22 2014 - Qatar's GDP expands by 6.3 percentMENAFN
(MENAFN) According to Qatar's Prime Minister and Interior Minister, the country's gross domestic product (GDP) expanded by 6.3 percent, The Peninsula Qatar reported.The minister attributed the growth ...

 Nov 22 2014 - Emirates targets double-digit passenger growth in FY 2014-15MENAFN
(MENAFN) Emirates Airlines is targeting double-digit passenger growth in its current financial year despite a first quarter operational slowdown and an unstable global environment, Gulf News ...

 Nov 22 2014 - US- ReceptionThe Peninsula
(MENAFN - The Peninsula) US Secretary of Defence Chuck Hagel (left), welcomes the Minister of the National Guard of Saudi Arabia, Prince Mitib bin Abdullah bin Abdulaziz Al Saud at the Pentagon in ...

 Nov 22 2014 - Egypt- Appeal for releaseThe Peninsula
(MENAFN - The Peninsula) Lois (right) and Juris Greste, parents of Al Jazeera's Australian journalist Peter Greste, arrive at a press conference to appeal to Egypt's President Abdel Fattah Al Sisi ...

 Nov 22 2014 - Bahrain oppn urges end to power monopolyThe Peninsula
(MENAFN - The Peninsula) Bahrain's Shia opposition warned yesterday ahead of elections that failure by the kingdom's Sunni rulers to loosen their grip on power could trigger a surge in violence.The ...

 Nov 22 2014 - Germany- Merkel rejects unilateral Palestinian recognitionThe Peninsula
(MENAFN - The Peninsula) Chancellor Angela Merkel yesterday rejected the idea of Germany recognising Palestine as a state unilaterally, saying the Palestinians and Israel could solve their ...

 Nov 22 2014 - Qatar- Children's rights highlightedThe Peninsula
(MENAFN - The Peninsula) Children highlighted their rights and need to be protected from violence during activities organised in various public places in Doha to celebrate Universal Children's Day. ...

 Nov 22 2014 - Qatar- Philippine official warns over maids' rightsThe Peninsula
(MENAFN - The Peninsula) Manpower agencies and employers who violate the Household Service Workers Policy Reform Package will face penalties, visiting Philippine Labour Secretary Rosalinda Baldoz ...

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