FINANCIAL NEWS

Saudi to invest USD97.3 b in railways in 30 years

24 Nov 2013

(MENAFN) Saudi Arabia has announced its plan to invest USD97.3 billion in railway infrastructure over the following 30 years as part of the Saudi Railway Master Plan (SRMP), according to Saudi Gazette.

The projects are expected to solve public transport problems, especially in Jeddah, Riyadh and Makkah.

The Kingdom will hold The Saudi Rail Forum 2013 on December 1 at the Radisson Blu in Riyadh.

The forum will welcome local and international rail experts, and discuss the world-class railways projects for the Kingdom.

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