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KRAKOW, Poland — The Riyadh metro project, one of the world’s largest urban transport ventures, aims to lift up to 3 million commuters off...
“The most well-known is the King Abdulaziz Public Transport Project, commonly known as the Riyadh Metro, which will create an integrated metro and bus network in the city,” Prince Faisal said. “There is also the King Khalid International Airport Expansion Project, and railway development and expressways projects.”
The chairman of Egypt’s National Railway Authority Ahmed Hamid, revealed the authority’s long-term investment plan, valued at EGP90 billion, from the current fiscal year up to 2030.
A project rail boom within the transport sector in the Middle East and North Africa is expected to materialise in the next three years as the region allocates more than $250bn worth of investments in various rail projects.
Ghanim Al-Ibrahim, director of Qatar Railways Co (QRC) has said the tenders for the country's planned metro system will be delayed until the first quarter of 2012 in order to complete more detailed studies on the project, Reuters has reported. Qatar plans to spend a total of QR150bn ($41.2bn) on the metro project, which will link stadia for the 2022 FIFA World Cup.