Saudi Arabia to spend SR365bn on railways by 2040
- Saudi Arabia: Monday, December 17 - 2012 at 00:53
According to a report by the National Commercial Bank (NCB), Saudi Arabia is to invest about SR365bn in railway infrastructure by 2040, Arab News has reported. The kingdom's growing economy, on the back of high oil prices, has led to heavy investments in railway infra-structure, the report said. Nominal GDP for the transport and communication sector grew at a CAGR of 9% between 2002 and 2011. In 2011, the sector's nominal GDP was valued at SR69.8bn, accounting for 3.23% of total nominal GDP. In 2014, this is expected to reach SR90bn, or 3.63% of total nominal GDP, NCB said.
- OMRAN drives new tourism projects in Oman
- Shell expects Majnoon greenfield project...
- Aldar selects Greek contractor for Bani Yas...
- Omantel launches Samsung Galaxy S4 LTE smartphone
- QNET intends to expand its operations in region...
- HP Enterprise Services signs global agreement...
- Dallas/Fort Worth International Airport to be...
- More than 2,000 healthcare professionals gather...
- Kuwait confirms new swine flu case
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.