Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Spending on rail projects to reach $79bn in 10 years  Join our daily free Newsletter

MENAFN - Arab News - 31/12/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Saudi Arabia's infrastructure spending continues to surpass expectations. The Kingdom is especially committed to a nationwide transportation infrastructure expansion program, which will feature one of the world's most sophisticated rail and metro networks.
Spending on rail projects alone is forecast to reach around 79 billion in the next 10 years.
The total value of logistics projects connected to such developments across the GCC is projected to reach 3.7 billion by 2015. Last year, GCC countries signed the biggest number of logistics contracts in the Middle East, fueled by large investments, high consumer spending, and rapid economic growth. The magnitude and multi-modal scope of regional transport investment initiatives are creating huge opportunities for developers, contractors, transport facility operators and their related industries.
To highlight Saudi Arabia's market potential, Riyadh Exhibitions Company ( REC ), recently announced the launch of Saudi Logitrans 2014 - the international exhibition for transport, logistics and freight, and Saudi Rail 2014 - the international exhibition for rail, metro lines and urban transportation.
The two events will be held from Oct. 27 to 29 at the Riyadh International Convention and Exhibitions Center (RICEC), showcasing the latest products, equipment, technologies and services from international businesses from respective industries and providing an effective networking forum.

Zeyad Al-Rukban, deputy general manager, REC, said: "The aggressive pace of transportation infrastructure development in Saudi Arabia offers a conducive environment for regional and international logistics service providers to establish and expand their presence here. By providing integrated supply chains, freight forwarding services and specialized warehousing zones, these organizations can in turn boost the Kingdom's industrial growth."
He said: "Saudi Logitrans 2014 and Saudi Rail 2014 will facilitate the development of this rapidly expanding sector and highlight the wealth of existing and future opportunities that the Kingdom and wider GCC have to offer. It is an ideal platform to assess market needs and challenges as it will gather leading businesses and professionals from the industry."
Saudi Logitrans 2014 and Saudi Rail 2014 are being organized with the support of the Ministry of Transport and Saudi Railways Organization.
The Saudi Transport and Logistics seminars will be hosted concurrently.
They will provide a forum for key government decision-makers, transportation bodies, port authorities and industry professionals to announce initiatives, formulate strategies, discuss the latest case studies and exchange information on global best practices.

 


Arab News




  MENA News Headlines
 Dec 7 2016 - New high value payments systems task force is a key enabler of ISO 20022 harmonisationMENAFN Press
(MENAFN Press) Following the launch of the ISO 20022 Harmonisation Charter, an industry-driven framework to facilitate the rollout of ISO 20022 globally, SWIFT has formed a global market practice ...

 Dec 7 2016 - ThinkProfits.com Inc. Celebrates 20 Years of SuccessMENAFN Press
(MENAFN Press) ThinkProfits.com Inc. Celebrates 20 Years of Success Vancouver Based Digital Marketing Agency Celebrates 20 Years of Business Success VANCOUVER, BRITISH COLUMBIA, CANADA, December ...

 Dec 7 2016 - St. Regis Saturday Afternoon Tea PartyMENAFN Press
(MENAFN Press) Making your weekend stretch further, The St. Regis Abu Dhabi has launched a new Saturday afternoon tea party concept, complete with a bespoke tea sommelier service. Located in the ...

 Dec 7 2016 - UAE- 10,000 fake items confiscated from Ajman warehouseKhaleej Times
(MENAFN - Khaleej Times) The Ajman Economic Development Department (AEDD) shut down a warehouse in Al Jurf area on Monday after seizing 10,000 duplicate products of various brands. The counterfeit ...

 Dec 7 2016 - UAE- Umm Al Quwain entrance opens for trafficKhaleej Times
(MENAFN - Khaleej Times) Drivers to and from Umm Al Quwain may now breathe a sigh of relief as the much-awaited entrance of the emirate was partially opened for traffic on Monday. The move will ...

 Dec 7 2016 - UAE- Fog leads to 26-vehicle pile-up in Ras Al KhaimahKhaleej Times
(MENAFN - Khaleej Times) All the four mishaps took place on the Shaikh Mohammed bin Salem road Five people were injured in four pile-up traffic accidents involving 26 vehicles on the Ras Al Khaimah ...

 Dec 7 2016 - UAE- 5 injured as fog causes 4 pile-ups in RAKKhaleej Times
(MENAFN - Khaleej Times) The four pile-ups happened due to fog involved 26 vehicles. Five people were injured in four pile-up traffic accidents involving 26 vehicles on Ras Al Khaimah roads, due to ...

 Dec 7 2016 - UAE reacts to death of Emirati student in OhioKhaleej Times
(MENAFN - Khaleej Times) --> --> --> Social media is on a rise today following the death of 26-year old Emirati Saif Nasser Mubarak Alameri at the hands of an Ohio ...

 Dec 7 2016 - UAE calls Ohio police killing of Emirati 'painful incident'Khaleej Times
(MENAFN - Khaleej Times) The United Arab Emirates has called the police killing of an Emirati man in Ohio a "painful incident" that the country's diplomats would investigate, just months after ...

 Dec 7 2016 - UAE- Public, private sector holiday on December 11Khaleej Times
(MENAFN - Khaleej Times) The Ministry of Human Resources and Emiratisation has declared Sunday, December 11, 2016, an official paid holiday for private and public sector employees to celebrate the ...

more...


 





Google

PayExpo_MENA
 
 

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

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