Saudi Arabia Railways (SAR) has set its sights on an ambitious goal - doubling the kingdom's existing 4,500-kilometer rail network to an impressive 8,000 kilometres. These railways form the lifelines of Saudi Arabia's 200 smart city projects, poised to revolutionize transportation, energy, and urban design industries. By bolstering the sector's contribution to GDP from 6 percent to 10 percent and increasing non-oil revenues to $12 billion annually by 2030, the kingdom is laying the groundwork for sustainable economic prosperity.
Significant investments are pouring into homegrown Electric Vehicle (EV) projects and Saudi investments are projected to surpass $50 billion over the next decade. This strategic move positions the Kingdom as a formidable contender in the emerging Asia EV market. These advancements in transportation infrastructure, EV manufacturing, and smart city development are catalysts for economic growth and job creation. Central to this transformative vision is the National Transport and Logistics Strategy. Through extensive infrastructure development, innovative operating models, and strategic public-private partnerships, this strategy aims to enhance air, maritime, rail, and road transport services while reducing fuel consumption by 25 percent.
Join us at the Smart Transport and Mobility KSA Summit on 3 - 4 September 2024 in Riyadh as we explore how vision 2030 is propelling the Kingdom’s transportation transformation.
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