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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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