2005 News Story
 

01/31/2005
London conference promotes Saudi rail expansion project

The Ministry of Transport held an international conference in London, U.K., today promoting the proposed rail project to link Dammam with Jeddah through Riyadh. Transport Minister Dr. Jubarah Al-Suraisiri referred to the recommendation by the Supreme Economic Council that the Dammam-Riyadh railway, constructed during the reign of the Kingdom’s founder King Abdulaziz, be extended to Jeddah, in order to meet the increasing need for goods and passenger traffic across the country. Estimations of the cost of this expansion, he said, are expected by mid-2005. Privatization, and encouragement of foreign investment, is a key principle of Saudi Arabia’s economic policy.


Return