Railway industries offer over SR1bn in economic opportunities: Minister

Railway industries offer over SR1bn in economic opportunities: Minister

RIYADH — Minister of Transport and Logistic Services and Chairman of the Saudi Railway Company (SAR) Eng. Saleh Al-Jasser on Thursday inaugurated the virtual “Railway Industrial Opportunities Forum” under strategic patronage of the National Industrial Development and Logistics Program (NIDLP) with wide participation of local and international industrialists, interested people and experts in the railway sector. The minister said that the launch of the first pack of the economic and industrial opportunities, whose anticipated investment volume exceeds more than SR1 billion, will provide a qualitative advantage and added value not only for the transport sector, but also for supportive sectors that complement the railway industry. He noted that the forum seeks to expand partnership opportunities between the public and private sectors and develop the railway infrastructure according to the railway plans over the upcoming period, which aims at opening the market for new operators and increasing the participation of the private sector in shipping operations and trips for transporting passengers and assets. He also pointed out that the forum is held after one year of completing operations of restructuring the railway sector in the Kingdom under SAR’s umbrella in a phase that the transport and logistic services system, thanks to