About Railway Infrastructure Spending Market in Saudi Arabia
Before 2010, Saudi Arabia had a small railway network, with a 278.9 miles passenger line and a 556-km freight line, linking Riyadh and Gulf port of Damam via Haradh. Until 2010, the railways were the least developed means of transport in the country.
However, since 2010, investments in the expansion of new railway lines have surged because of the government’s attempt to reduce dependency on oil-based revenues and seek new investments in the travel and tourism sector. The government, currently, plans to substantially expand the rail network for better connectivity across some of the major cities and religious places in Saudi Arabia.
It analysts forecast the railway infrastructure spending market in Saudi Arabia to grow at a CAGR of 7.88% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the railway infrastructure spending market in Saudi Arabia during the period 2016-2020. The market size has been calculated based on the budget allocation for the infrastructure and transportation sectors.
Railway Infrastructure Spending Market in Saudi Arabia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Saudi Binladin