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FinancialNews


  • 06-07-21

    Saudi Arabia expects its new transport to generate USD150B in investments by 2030

    (MENAFN)According to the Kingdom’s transport and logistical services minister, Saudi Arabia estimates its new transport and logistics strategy to make 550 billion riyals (USD150 billion) in investments by 2030 in areas such as public transport, railways, and airports expansion and development.

    Saleh Aljasser further declared that the government would give 35 percent of the needed investments, and the rest would come from private investors. He added that the strategy would have numerous reimbursements on economic activities as it would connect many sectors, such as Hajj and tourism, in addition to industries.

    Saudi airlines would plan under the new strategy to stand at 250 destinations worldwide, increased from 90 destinations currently. The country also plans to improve airport capacity to 330 million passengers a year, increased from 103 million.

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