Rail works make up 32% of GCC transport projects
Riyadh Exhibitions Company (REC) will organise the four-day Saudi Rail 2015 – the international exhibition for rail, metro lines, and urban transportation, in cooperation with Ramatan Exposition and Conference so as to answer critical industry needs and capitalise on the tremendous business prospects,
It will be held from 25-28 January at the Riyadh International Convention and Exhibition Centre (RICEC).
Saudi Rail 2015 will happen at the same time as Saudi Logitrans 2015 – the International Exhibition for Transport, Logistics and Freight, the ‘Saudi Rail and Logitrans Conference’ and ‘Trans 4 Saudi Arabia’.
Rail projects account for 32% of total GCC transportation developments valued at $298bn.
All transportation projects developments make up to 20% of the total construction spend in Saudi Arabia where nearly $25bn is at the bidding stage or under development in the railway sector. The Saudi network will be further improved by adding 3,900km of track through three major railway projects.
The scope of the KSA’s planned rail projects and the scale of the required investment are massive. An estimated $45bn, a full third of planned GCC rail spending before 2030, is currently committed to upgrading existing lines and building new rail networks across the KSA. 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.