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FINANCIAL NEWS
Saudi, UK firm sign deal to develop USD12b Jeddah transport project
07 Apr 2015
(MENAFN) Saudi Arabia signed a contract with Foster and Partners, a British international studio for architecture and integrated design, to develop Jeddah’s USD12 billion public transport plan, Arabian Business reported.
The initial plan will involve the designing of the metro, ferry, bus, cycle, public spaces and stations. The specifics of The Jeddah Public Transport Programme (JPTP) include a three-line metro and light rail system, bus network, marine carries and taxis.
“Designed in response to the local climate, the master plan is city-wide and draws on the high-density, compact urban model of the ancient quarter of Al Balad, with its mixture of uses and comfortable, walkable shaded streets.” The company said in a statement.
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