What motivated the issue of the King Abdulaziz International Airport (KAIA) sukuk (Islamic bond)?
The Middle East Transport
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Articles & Analysis | Road work ahead: Keeping people and goods moving with upgrades and expansions from The Report: Saudi Arabia 2013
As a crucial transit country for regional vehicular traffic, the government is not neglecting the upgrade and expansion of the domestic road network, despite the high priority placed on the development of a national rail network. Although traffic volumes, particularly for trucks, may dip as a result of the rail expansion, roads are sure to...
Articles & Analysis | Making tracks: The government has prioritised projects linking cities via rail from The Report: Saudi Arabia 2013
When railways are mentioned in relation to Saudi Arabia, the Hejaz railway is what most often comes to mind. The line was introduced in the 19th century linking Medina to Damascus, and although sections still run in Jordan and Syria, the only remnants of it in Saudi Arabia are tourist attractions featuring stations, rolling...
Articles & Analysis | By land, sea and air: Projects in all segments position the Kingdom for change from The Report: Saudi Arabia 2013
Spurred on by strong demand for services, the government is planning to bolster and upgrade infrastructure capacity across all segments of the industry – from aviation to ports. With this financial backing, the Kingdom’s land, sea and air transportation networks are experiencing a complete transformation and, consequently, opportunities for new...
Spurred on by strong demand for services, the government is planning to bolster and upgrade infrastructure capacity across all segments of the transport industry. Indeed, with a rising population and increasing trade volumes, the sector is poised for growth. The transport, storage and communications sector accounted for 7.7% of GDP in 2011 and is growing at a rate of 10.63% per year. Planned road...
Articles & Analysis | The road ahead: Key improvements to public transport looks set to boost growth from The Report: Abu Dhabi 2013
The car is king in Abu Dhabi, where petrol is inexpensive and the development of outlying suburban areas has meant that long commutes to the office are not uncommon. But with population growth and continued economic expansion in recent years, the emirate’s roadways have come under some pressure, particularly in Abu Dhabi City’s central business...