About Railway Infrastructure Spending Market in Saudi Arabia
Before 2010, Saudi Arabia had a small railway network, with a 278.9 miles passenger line and a 556-km freight line, linking Riyadh and Gulf port of Damam via Haradh. Until 2010, the railways were the least developed means of transport in the country.
However, since 2010, investments in the expansion of new railway lines have surged because of the government's attempt to reduce dependency on oil-based revenues and seek new investments in the travel and tourism sector. The government, currently, plans to substantially expand the rail network for better connectivity across some of the major cities and religious places in Saudi Arabia.
Technavio’s analysts forecast the railway infrastructure spending market in Saudi Arabia to grow at a CAGR of 7.88% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the railway infrastructure spending market in Saudi Arabia during the period 2016-2020. The report considers the investments made by the government of Saudi Arabia in railway infrastructure construction. The market size has been calculated based on the budget allocation for the infrastructure and transportation sectors.Technavio's report, Railway Infrastructure Spending Market in Saudi Arabia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Railway Infrastructure Spending Market in Saudi Arabia 2016-2020
Technavio recognizes the following companies as the key players in the Railway Infrastructure Spending Market in Saudi Arabia: Al-Khodari, Saudconsult, Saudi Binladin and Tarouk.
Other Prominent Vendors in the market are: Al-Ayuni, Al Rajhi Construction, Al-Rashid Trading & Contacting, China Railway Engineering, El Seif Engineering Contracting, Mohammed Ali Al Swailem, Saudconsult, Saudi Binladin and Tarouk.
Commenting on the report, an analyst from Technavio’s team said: “Growing awareness of sustainability has resulted in an increase in the use of natural resources in many infrastructure and construction projects in Saudi Arabia. The government is focusing on the development of green infrastructure and buildings to reduce the environmental impact from the use of conventional materials and increase the efficient use of energy.”
According to the report, the expansion of new cities has increased emphasis on the development of transport infrastructure. Better connectivity through railways will ease freight traffic movement within the country and in the international market, boosting trade services and exports in the country. Rising investments in the development of economic cities will stimulate spending on railway infrastructure during the forecast period.
Further, the report states that Saudi Arabia has an extremely hot climate, characterized by high temperatures and sandstorms. . Maintaining high levels of safety in such hostile climatic conditions is a critical challenge for construction companies in this country.
Al-Khodari, Saudconsult, Saudi Binladin,Tarouk, Al-Ayuni, Al Rajhi Construction, Al-Rashid Trading & Contacting, China Railway Engineering, El Seif Engineering Contracting, Mohammed Ali Al Swailem, Saudconsult, Saudi Binladin, Tarouk.