Global Alliance for Railway Project to Link Eastern and Western Saudi Arabia

Global Alliance for Railway Project to Link Eastern and Western Saudi Arabia

Saudi Minister of Transport and Logistics Eng. Saleh Al-Jasser unveiled on Tuesday an international coalition led by a Chinese company, with 11 other international firms, to complete the design of the railway Landbridge Project that will connect the eastern and western parts of the Kingdom.

The minister pointed to the presence of 22 investment opportunities, including four regional airports, to be offered to the private sector.

He made his comments at the second edition of the Municipal Investment Forum (Furas), which was held in Riyadh and attended by a number of ministers and officials.

He noted that partnership and cooperation with the municipal and housing system, and the national strategy for transportation and logistics included investments exceeding 600 billion riyals ($160 billion).

Speaking during the same event, Majid Al-Hogail, Minister of Municipal and Rural Affairs and Housing, announced the adoption of the Municipal Investment Portal (Furas) as a unified national portal for offering real estate investment opportunities with Saudi government agencies.

Al-Hogail added that municipal investments were related to five programs of Vision 2030, including privatization, housing, quality of life, serving the guests of Rahman, and financial sustainability.

Eng. Khaled Al-Falih, Minister of Investment, talked about the distribution of investment opportunities according to the National Investment