Riyadh Metro will commence operations this year, as per Saudi Minister Saleh Al-Jasser
22 Aug 2024
NewsAccording to Saleh Al-Jasser, the Saudi Minister of Transport and Logistics Services, the Riyadh Metro will open for business this year, which is consistent with the Royal Commission for Riyadh City's (RCRC) previous announcement.
He stressed that, in terms of scope, Riyadh Metro is the biggest metro project ever built in a single phase worldwide.
Working together, Maersk and the Saudi Ports Authority (Mawani) completed the project, which required SR1.3 billion in funding.
With the capacity to handle 200,000 standard containers a year, the recently opened logistics zone is projected to improve supply chain operations and generate over 2,500 job possibilities.
Saudi Arabia advanced significantly in the Logistics Performance Index in 2023, moving up to 17th place worldwide. Indicators of maritime connectivity have also quadrupled in the last three years, which supports improvements in multimodal transportation integration and air connectivity.
The Maersk Logistics Zone was completed in 18 months with a large amount of private sector investment, to the minister's commendation.
In addition, he stated that this zone is one of the 18 signed logistics projects spread around the Kingdom, with the goal of increasing the number of logistics zones from the present 22 to 59 by 2030.