Saudi Arabia: ‘Dream of the Desert’ Train to Start Trips in Q4 2025

“Dream of the Desert” train, the first of its kind in the region (Asharq Al-Awsat)
“Dream of the Desert” train, the first of its kind in the region (Asharq Al-Awsat)
TT

Saudi Arabia: ‘Dream of the Desert’ Train to Start Trips in Q4 2025

“Dream of the Desert” train, the first of its kind in the region (Asharq Al-Awsat)
“Dream of the Desert” train, the first of its kind in the region (Asharq Al-Awsat)

The Saudi Railways (SAR) signed an agreement with Italy’s Arsenale group on Thursday to launch the “Dream of the Desert” luxury train, with 40 luxury cabins worth $53.3 million.

The CEO of Saudi Railways, Bashar al-Malik, and Chairman of Arsenale’s Board of Directors Paolo Barletta signed the 25-year agreement under the patronage and presence of the Minister of Transport and Logistics, Saleh al-Jasser.

The train will be scheduled for reservations at the end of this year, and actual operation will begin in Q4 of 2025.

The first stage of the route will be from the al-Shamal train station in Riyadh, passing through Hail and ending at al-Qurayyat train station.

The Saudi minister indicated that launching these luxury services on trains for the first time in the Middle East and North Africa region will introduce quality services and additional mobility options within the Kingdom.

Jasser pointed out that this agreement is one of the National Strategy for Transport and Logistics initiatives to improve the quality of life and support leading national strategies.

He highlighted the government’s support for transport and logistics, enabling the sector to achieve its service and development projects and initiatives.

The minister lauded the effective cooperation and joint integration between the system and various stakeholders in developing transportation patterns and enhancing the beneficiary experience.

SAR’s CEO emphasized the commitment to its pioneering national role in implementing qualitative initiatives emanating from the company’s strategy linked to the National Strategy.

He highlighted that introducing the “Dream of the Desert” significantly enhances the company’s services, presenting a crucial tourist and entertainment option for its customers.

The train will allow visitors and residents of the Kingdom to explore various regions within an integrated framework of luxurious transportation services, said Malik.

The Chairman of Arsenale stated that the initial production stages of the luxurious train had recently begun in Italy in preparation for entering service according to the announced plan.

Arsenale is a multi-brand company that develops and manages luxury hospitality and lifestyle assets. It develops luxury hotel concepts and works on sustainable projects for luxury services via tourist trains through a fleet of six trains operating in Italy.



Pakistan Set to Receive $20 Billion Loan From World Bank

FILE PHOTO-People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro
FILE PHOTO-People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro
TT

Pakistan Set to Receive $20 Billion Loan From World Bank

FILE PHOTO-People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro
FILE PHOTO-People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro

Pakistan is set to receive a loan of $20 billion from the World Bank over the next 10 years, aimed at improving the country’s key sectors, sources told Geo News on Saturday.

According to sources in the Ministry of Economic Affairs, the loan will be part of the World Bank's support under the Country Partnership Framework 2025-35, which focuses on sustainable economic development.

The loan is expected to be approved by the WB's Board of Directors on January 14. Once approved, Martin Raiser, the lender's Vice President, is expected to visit Islamabad to discuss the loan program and its implementation.

In addition to the $20 billion, two subsidiary entities of the World Bank will assist Pakistan in securing another $20 billion in private loans.

This would bring the total financial package to $40 billion, which will be allocated towards infrastructure development, climate resilience projects, and improving social services.

Meanwhile, The News newspaper reported that the government, in its bid to achieve an economic revival, has launched the National Economic Transformation Plan which aims to achieve ambitious economic targets, including doubling GDP growth and halving poverty over a five-year period.

The plan envisages attracting $29 billion anticipated investment under the supervision of the Special Investment Facilitation Council (SIFC) including $10 billion from the UAE, $5 billion from Saudi Arabia, $2 billion from Qatar, $2 billion from Azerbaijan, and $10 billion from Kuwait.

Meanwhile, the gross domestic product (GDP) target has been set at 6% of the GDP till the Fiscal Year 2028-29 whereas the per capita income in dollar terms is projected to go up to $2,405 from $1,680.