Tue, 21-Oct-2025

Saudi Arabia to triple size of its rail network

Saudi Arabia

RIYADH: Saudi Arabia plans to more than triple the size of its rail network with 8,000 kilometers of new track, Arab News quoted the country’s investment minister as saying. “New rail will criss-cross the Kingdom and add to the network we already have,” Khalid Al-Falih told the Future Minerals Forum in Riyadh. There are currently about 3,650 … Read more

More than $3.2 trillion set to be invested in Saudi Arabia by 2030: minister

Saudi Arabia

RIYADH: More than SR12 trillion ($3.2 trillion) is set to be ploughed into Saudi Arabia by 2030, as the kingdom seeks to diversify its economy away from the oil sector, Arab News quoted the minister of investment, as saying. Speaking at a forum in Riyadh in the wake of the 2022 budget announcement, Khalid Al-Falih … Read more