Saudi Arabia issues tenders for two key rail projects

Saudi Arabia has issued transaction advisory services tenders for two railway projects - one linking Yanbu Industrial City and King Abdullah Port in the Red Sea, and other to connect the existing Dammam-Riyadh Line with the Northern Line.

Also the government has floated a tender to build a new dry port and logistics zone, Reuters reported, citing a transport authority official.

"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 (PTA).

He didn’t disclose details about the tendering timeline or length of the railway segments.