A third of GCC transport developments are rail projects
According to recent reports, rail projects account for 32 percent of total GCC transportation developments valued at $298 billion.
Transportation makes up to 20 percent of the total construction spend in Saudi Arabia, where nearly $25 billion is at the bidding stage or under development in the railway sector.
The Saudi network will be further improved by adding 3,900 km of track through three major railway projects.
The scope of the the country’s planned rail projects and the scale of the required investment are massive with an estimated $45 billion, representing a third of planned GCC rail spending before 2030, currently committed to upgrading existing lines and building new rail networks across the Saudi Arabia.
However, the country’s vast area and varied geographical features along with its ambitious deadlines and objectives has given rise to a unique set of financing, logistical and engineering challenges that require innovative and resourceful solutions.
To answer critical industry needs and capitalise on the tremendous business prospects, Riyadh Exhibitions Company (REC) is holding Saudi Rail 2015 – the International Exhibition for Rail, Metro Lines, and Urban Transportation, in cooperation with Ramatan Exposition and Conference.
Held under the patronage of H.R.H. Prince Turki Bin Abdullah Bin Abdulaziz, Governor of Riyadh, the show will take place from January 25 to 28, 2015 at the Riyadh International Convention and Exhibition Center (RICEC).
Saudi Rail 2015 will be held concurrently with Saudi Logitrans 2015 – the International Exhibition for Transport, Logistics and Freight, the Saudi Rail and Logitrans Conference and Trans 4 Saudi Arabia.