Merging railways is a step to privatize the Saudi transport sector

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Merging railways is a step to privatize the Saudi transport sector


Thursday – 7 Rajab 1442 AH – February 18, 2021 AD Issue No. [
15423]

Riyadh: «Middle East»

The Minister of Transport, Chairman of the Board of Directors of the Saudi Railways Company (SAR), Eng. Saleh Al-Jasser, confirmed that the approval of the cancellation of the General Corporation for Railways as of early April and that the Saudi Railways Company (SAR) replace it will achieve the Kingdom’s objectives and its active role. On the international scene in terms of the economy through the logistics gateway and its vital infrastructure.
He said in a statement issued yesterday that “the merger is an important step in the field of privatizing some transport sector works, and contributes to raising efficiency and flexibility and enhances the effectiveness of the service in order to achieve optimal investment of resources and open up broader developmental operational and investment horizons, which will positively affect the services provided to beneficiaries and enhance the capabilities of local content. .
Eng. Al-Jasser asserted that the merger of the two entities into a single entity named “SAR” coincides with the continuous work that is proceeding at an accelerated pace to accomplish mega projects, including the land bridge project linking the Kingdom’s ports on the Red Sea to Saudi ports on the Arabian Gulf through Riyadh, which will provide service and logistical priorities. It will positively affect the activation of the National Transport and Logistics Strategy.


Saudi

The Saudi economy







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