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FINANCIAL NEWS
Riyadh Metro to be completed by 2019 at USD 23bn
10 Mar 2016
(MENAFN) The USD 23bn Riyadh Metro will be finished by 2019 and its budget is protected, while the project could be scaled back or delayed.
Furthermore, the 176-km Riyadh Metro is unaffected and the oil price drop won’t affect the metro, whereas all six lines and 85 stations would be operational.
Additionally, these will be served by electric, driverless trains, and the metro is being paid for directly from ring-fenced government funds.
However, the metro budget is unchanged, but as a design-and-build project some aspects have to be decided like the interiors of the stations.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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