DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/zrcm6z/railway) has announced the addition of the "Railway Infrastructure Spending Market in Saudi Arabia 2016-2020" report to their offering.
The railway infrastructure spending market in Saudi Arabia to grow at a CAGR of 7.88% during the period 2016-2020.
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.
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.
The 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.
Market drivers
- Development of new economic cities
Market challenges
- Hostile climatic conditions
Market trends
- Increase in green building practices
Key vendors:
- Al-Khodari - Saudconsult - Saudi Binladin - Tarouk
Other prominent vendors:
- Al-Ayuni - Al Rajhi Construction - Al-Rashid Trading & Contacting - China Railway Engineering - El Seif Engineering Contracting - Mohammed Ali Al Swailem - Saudconsult - Saudi Binladin - Tarouk
For more information visit http://www.researchandmarkets.com/research/zrcm6z/railway
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Share this article