
Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince Mohammed bin Salman looks to turn the kingdom into a global aviation hub.
About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international airline, expand airports, build a broader train network and explore new technologies, Transport Minister Saleh Al Jasser said Monday.
“Many of the targeted projects are bankable projects, attractive projects,” the minister said in an interview in Riyadh. “This will open big opportunities for partnership with the private sector, whether local or international.”
The plans are part of a strategy announced by Prince Mohammed last week intended to help diversify the economy of the world’s largest crude exporter. Saudi officials want to turn the capital of Riyadh into a global business hub, draw in more foreign talent and attract 100 million tourists a year by 2030 — goals that would require significantly more flights into a country that has only offered tourist visas since 2019.
They also hope to nearly quadruple the number of Muslims that travel to the holy city of Mecca on religious pilgrimages.
New Airline
At the center of the strategy is the sovereign Public Investment Fund’s plan to launch a new international airline with its hub in Riyadh, confirming an earlier Bloomberg report. The kingdom’s existing national carrier, Saudia, will maintain a base in Jeddah that officials want to turn into a second hub for both religious and conventional tourism.
“We believe that we need another hub in Riyadh and it makes sense that a new operator will take that mission,” Al Jasser said, adding he sees Saudia expanding as well given the sheer size of anticipated demand.
“There will be room for Saudia to grow and there will be room for the new airline to prosper, and also there will be more room for other international operators to grow their business in Saudi Arabia,” he said.
Asked if the new airline would compete with big carriers in neighboring Gulf states like Emirates and Qatar Airways, Al Jasser said Saudi officials were simply looking to cater to the kingdom’s need for a hub in Riyadh.
Other details of the new strategy include:
- A “major expansion” of airport infrastructure in Jeddah and Riyadh
- Pushing forward with plans to build a train linking Jeddah with Riyadh and the East coast. Al-Jasser said he expects a consortium of foreign companies to deliver a proposal later this year on delivering the “land bridge” project
- Exploring the use of futuristic technologies like Hyperloop and the new generation of Maglev
- The new airline is expected to launch “as soon as possible,” Al Jasser said. “It won’t take many years before this airline is operational.”
86 thoughts on “Saudi Arabia Plans $147 Billion Expansion for Transport Sector”
buy levofloxacin generic levofloxacin order online
avodart drug zofran 8mg cheap order zofran pills
suhagra 100mg pill sildenafil tablet estradiol 1mg cheap
lamictal 50mg cost mebendazole pill tretinoin gel sale
tadalis uk diclofenac 50mg generic order diclofenac 50mg generic
buy accutane 40mg generic azithromycin 500mg pill azithromycin oral
cheap indocin 75mg order trimox without prescription order trimox for sale
tadalafil 5mg how to get cialis sildenafil oral
acheter 40mg du tadalafil viagra 200mg en france viagra generique pas cher
buy deltasone online cialis fast delivery usa buy viagra 100mg without prescription
tadalafil ohne rezept tadalafil generika sildenafil 50mg generika rezeptfrei kaufen
buy accutane 20mg online cheap zithromax cost ivermectin 6mg for humans for sale
doxycycline 200mg drug clomid 50mg cost buy lasix 40mg pill
generic ramipril purchase clobetasol pills azelastine over the counter
order catapres 0.1mg generic buy minocycline 100mg for sale order spiriva 9mcg without prescription
purchase buspirone without prescription purchase buspar generic oxybutynin price
hytrin 1mg generic buy arava without prescription oral azulfidine
fosamax 35mg ca alendronate cheap generic pepcid
buy benicar 20mg generic divalproex 250mg generic buy acetazolamide 250 mg without prescription
tacrolimus pills ropinirole order urso price
imdur 40mg sale buy isosorbide 20mg pills order micardis 20mg online cheap
order zyban 150 mg sale buy atomoxetine cost seroquel 50mg
molnunat 200 mg us buy generic lansoprazole 15mg order prevacid 15mg for sale
sertraline 50mg pill buy kamagra online viagra online buy
salbutamol 100 mcg over the counter buy generic pantoprazole order generic sildenafil 100mg
cost cialis female viagra for sale brand viagra
cialis 10mg drug pyridium usa buy generic amantadine 100 mg
buy revia for sale buy abilify sale order generic aripiprazole 20mg
buy dapsone 100 mg without prescription order aceon aceon 4mg ca
provera 10mg oral order biltricide 600mg generic oral cyproheptadine
provigil 200mg over the counter buy modafinil 200mg buy stromectol canada
cheap luvox 50mg glucotrol 10mg us order glipizide 10mg pills
isotretinoin us cheap deltasone 40mg deltasone 20mg generic
nootropil 800 mg cost sildenafil australia order viagra sale
zithromax 500mg uk brand zithromax 500mg order gabapentin 600mg for sale
tadalafil 10mg canada viagra pills 50mg us viagra
buy furosemide 40mg online doxycycline online order plaquenil for sale online
I read this article completely about the difference of latest and earlier technologies, it’sremarkable article.mypage – web sitesi kurmak
cialis order buy anafranil 50mg online anafranil 50mg generic
chloroquine 250mg uk cenforce 100mg generic order olumiant without prescription
itraconazole 100 mg us order progesterone 200mg tinidazole tablet
cheap glucophage 500mg cialis mail order usa order cialis 20mg sale
buy zyprexa without prescription cost zyprexa buy diovan 80mg
oral amlodipine 10mg real viagra pills purchase cialis sale
buy clozaril pills clozapine 100mg us purchase dexamethasone online cheap
buy viagra without prescription buy sildenafil for sale cost lisinopril
order linezolid pills hollywood casino casino slot games
purchase omeprazole prilosec order online spins real money
cost metoprolol order atenolol 100mg vardenafil 20mg tablet
best essay writers online no deposit free spins real money online casino
levitra 10mg generic methylprednisolone 8 mg without a doctor prescription medrol 8mg without prescription
academic writers online thesis writing services cialis viagra sales
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
buy clomid without prescription cost clomiphene 50mg doubleu casino online casino
cialis 5mg without prescription sildenafil 100mg us cost viagra 100mg
aristocort 4mg cheap cost desloratadine clarinex us
dapoxetine sale synthroid uk synthroid 75mcg tablet
generic cialis 40mg buy sildenafil for sale order viagra 50mg pill
buy xenical 60mg online cheap orlistat oral acyclovir 400mg for sale
order tadalafil 5mg without prescription order clopidogrel 75mg generic clopidogrel 75mg oral
buy zyloprim 300mg without prescription zetia pill zetia 10mg over the counter
buy methotrexate 2.5mg generic reglan price generic reglan
cozaar order online cozaar 50mg tablet buy topamax
purchase baclofen for sale order toradol online cheap ketorolac price
sumatriptan for sale online generic avodart avodart 0.5mg brand
cost colchicine casino slots gambling black jack
zantac 300mg cost celecoxib buy online buy generic celebrex 200mg
play poker online free no sign up casino online gambling free spins no deposit usa
buy tamsulosin 0.4mg for sale order aldactone 25mg for sale aldactone 25mg cost
order cialis 5mg online cialis mail order us ciprofloxacin 500mg drug
zocor canada valacyclovir 500mg oral propecia 5mg pills
buy metronidazole pills buy metronidazole order bactrim generic
diflucan 100mg over the counter order diflucan without prescription viagra next day delivery usa
keflex 125mg brand cleocin medication order erythromycin 500mg pill
cialis online buy viagra ca viagra online buy
cheap viagra sale purchase viagra pills cialis 5mg drug
buy cefuroxime 250mg generic ceftin 250mg uk buy methocarbamol online cheap
online casino real money paypal win real money online casino for free order generic cialis 40mg
order desyrel 100mg generic order sildenafil online cheap order sildenafil 100mg pills
help me with my essay stromectol 3mg cheap stromectol over the counter
purchase sildalis generic buy lamictal 200mg pills lamotrigine sale
prednisone 10mg cheap order isotretinoin 20mg amoxicillin ca
viagra 100mg usa sildenafil oral cialis price
empire casino online ed pills cheap oral tadalafil 10mg
cost zithromax 500mg neurontin order online buy gabapentin 600mg sale
lasix 100mg us oral lasix order generic hydroxychloroquine