With a vast land mass covering more than 2m sq km, and sizeable mining and heavy industry sectors, transport and logistics are vital to Saudi Arabia’s economic success and future growth. As record oil prices from 2008 to 2014 filled state coffers, the authorities decided to invest a significant portion of the windfall in improving the Kingdom’...
Saudi Arabia’s ports are some of the biggest in the region, and the Kingdom’s combined throughput of 194m tonnes per year (excluding crude oil) is the largest volume in the Middle East. However, with the international trend in shipping moving towards consolidation at ever larger ports (and with ever larger container ships), the government has...
Saudi Arabia’s transport services have witnessed significant developments in recent times, and this is set to continue with an anticipated $190bn to be invested in the sector through to 2025. The majority of this – around $141bn – will go towards rail and public transport networks. Successive phases of railway development will extend the network across the entire country, with the aim of...
The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.
Further progress has been made in plans to build the Gulf region’s rail network, with Saudi Arabia looking to closely align the project with its economic and social priorities.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×