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Rail project in the region....to reach $11.9bn

Saudi Rail to showcase latest rail industry developments

RIYADH, December 19, 2014

International exhibitors are set to showcase the latest developments in the railway industry and highlight opportunities in the region, according to a report.

The rail projects in the region has been estimated to reach SR45 billion ($11.9 billion), said the Arab News report.

Saudi Rail 2015, the international exhibition for rail, metro lines and urban transportation, will run from January 25 to 28 at the Riyadh International Convention and Exhibition Centre, in cooperation with Ramatan Exposition and Conference.

The range of products and services at the exhibition will include passenger and cargo transportation wagons, maintenance services, train line systems, train network and communication systems, train station equipment, facilities and services, consultancy, broadcasting, and customer clearance services.

The event 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'.

The seminar sessions will provide a podium for key government decision makers, transport organisations, port authorities, and industry professionals to announce new initiatives, formulate strategic policies and regulations, discuss up-to-the-minute case studies, and exchange information on global best practices.

According to recent reports, rail projects account for 32 per cent of the total GCC transportation developments valued at $298 billion.

Transportation makes up to 20 per cent of the total construction spending in Saudi Arabia where nearly $25 billion is at the bidding stage or under development in the railway sector, it added.




Tags: Saudi | industry | development | Rail |

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