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
 Mar 6 2015 - Iraq, ExxonMobil eye oil agreementsMENAFN
(MENAFN) Texas-based Exxon Mobil Corp is set to make a deal with Iraqi government to restructure oil agreements in such a way that Iraq will meet its near-term cash needs, Reuters reported.According ...

 Mar 6 2015 - Qatar, Luxembourg to sign financial cooperation dealMENAFN
(MENAFN) A financial delegation from Luxembourg is in Qatar in hopes of driving greater strategic cooperation between the two countries in the field of international finance, The Peninsula Qatar ...

 Mar 6 2015 - Egypt, Dubai's Arabtec to renegotiate terms for USD40b planMENAFN
(MENAFN) Arabtec's chairman is set to meet officials of Egypt's housing ministry to renegotiate terms of USD40 billion housing plan, Arabian Business reported.Egypt's housing minister is in talks ...

 Mar 6 2015 - MERS kills 10 more in Saudi, health campaign broadenedAFP
(MENAFN - AFP) The MERS virus has killed 10 more people in Saudi Arabia over the past week, pushing the death toll above 400, as health officials broaden their campaign to halt its spread. Saudi ...

 Mar 5 2015 - Saudi, South Korea consider trade expansionMENAFN
(MENAFN) South Korean President announced that Korea and Saudi must try to diversify commercial cooperation with an emphasis on nuclear energy, renewable energy, education and health care, Arab News ...

 Mar 5 2015 - Etisalat plans to invest USD1.08b in 2015MENAFN
(MENAFN) Emirates Telecommunications Corporation, also known as etisalat, is planning to invest USD952.7 to USD1.08 billion this year on its infrastructure, fiber optic and 4G networks as well as to ...

 Mar 5 2015 - Qatar seeks 7 percent growth in 2015 despite oil plungeMENAFN
(MENAFN) Qatar's economy is expected to grow 7 percent in 2015, as it forges ahead with huge infrastructure investment despite the drop in oil prices, leading economist said.The figure compares with ...

 Mar 5 2015 - French Assystem acquires 75 percent in Saudi RadiconMENAFN
(MENAFN) Assystem completed the acquisition of 75 percent stake in the Saudi Radicon Gulf Consult (Radicon) to create a new engineering offer in the Saudi market nominated Assystem Radicon, Saudi ...

 Mar 5 2015 - Dutch Vopak to expand Fujairah oil storage capacity in 2015MENAFN
(MENAFN) Dutch Vopak is set to build five crude oil storage tanks with total capacity of 478,000 cubic meters at the port of Fujairah in the UAE, Reuters reported.Vopak is already in a partnership ...

 Mar 5 2015 - Saudi Kingdom Holding signs MoU with Korean Investment CorporationMENAFN
(MENAFN) Riyadh-based Kingdom Holding Company (KHC), signed an MoU with Korea Investment Corporation (KIC), Saudi Gazette reported.The MoU is set at producing more opportunities in private equity ...

more...


 






Google

Click to Apply

 
 

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