Infrastructure boom in Saudi


By CW Guest Columnis

Saudi remains focused on infrastructure and social programmes, reports CB Richard Ellis in its H1 2012 Market View for the Kingdom

In addition to a trans-Saudi Arabian railway line, the Council of Ministers has also agreed to implement a massive public transport system for all the major cities in the Kingdom. These transport solutions will compirse both buses and trains, and will first be implemented in Riyadh, where Phase 1 completion is anticipated by 2017.

About 80% of the metro network will be underground, and will be served by 34 stations. The capacity of Riyadh’s international airport is anticipated to triple to 25 million passengers a year by 2015 as part of the first phase of planned aviation-sector expenditure totalling $53bn. More info