Saudi Arabia has issued transaction advisory services tenders related to two major rail projects – one linking between Yanbu Industrial City and King Abdullah Port in the Red Sea, and the other to connect the existing Dammam-Riyadh Line with the Northern Line.
The government also announced a tender for the construction of a new port and a logistics zone.
“The plan is to use the public-private partnership (PPP) route for both projects. We have done the feasibility and they are bankable, and now we are working on hiring the advisors who will prepare the PPP package,” remarked Rumaih Al Rumaih, president of the Saudi Public Transport Authority.
But he didn’t disclose details about the tendering timeline or length of these railway segments.