The Saudi Arabian Mining Company (Maddin) and the Saudi construction company Oger will collaborate on a railway expansion project linking Riyadh with Northwestern Saudi Arabia. The cost of the project is expected to reach, 7.5 billion Saudi riyals ($1.9 billion), reported the Saudi National Commercial Bank (NCB).
The new railway will reach Yanbu and Madianh with the possibility of extending tracks to the Industrial city of Jubail. The 1,500-kilometer tracks are hoped to create employment and open up business opportunities for the rural population centers situated along the route.
Saudi Arabia is the only country in the Gulf Cooperation Council (GCC) that operates a railway system, however limited to only one route liking Riyadh to Dammam. The Kingdom’s railways are managed by the Saudi Arabian Railways Organization (SARO).
Established in 1966 as an independent public utility, the organization operates a 1,391 kilometer railroad, three main passenger stations, the dry port in Riyadh and a fleet of locomotives and cars. — (menareport.com)
© 2002 Mena Report (www.menareport.com )