Gulf States Advance Railway Connection, Expected to Launch in 2030

Jassem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), participating at the Global Rail conference in Abu Dhabi, the UAE. (Asharq Al-Awsat)
Jassem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), participating at the Global Rail conference in Abu Dhabi, the UAE. (Asharq Al-Awsat)
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Gulf States Advance Railway Connection, Expected to Launch in 2030

Jassem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), participating at the Global Rail conference in Abu Dhabi, the UAE. (Asharq Al-Awsat)
Jassem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), participating at the Global Rail conference in Abu Dhabi, the UAE. (Asharq Al-Awsat)

Jassem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), announced that member states are working together to unify their policies and strategies.

This effort aims to create a practical framework that meets the needs of the GCC population. He highlighted the completion of several key integration projects, especially the railway connection between GCC countries.

Al-Budaiwi spoke at the Global Rail transport infrastructure conference in Abu Dhabi, which brought together leaders and experts in the transport and railway sectors.

He stated that collaboration with the GCC General Secretariat and the Gulf Railway Authority is ongoing to complete the railway project.

He emphasized that the railway initiative will significantly enhance connectivity and integration within the Gulf, leading to immediate benefits for trade and ease of movement for residents.

He shared findings from a study predicting an increase in passenger and freight movement on the GCC railway.

The number of railway passengers is expected to grow from 6 million in 2030 to 8 million by 2045, while freight is projected to rise from 201 million tons to 271 million tons in the same period.

Furthermore, Al-Budaiwi outlined achievements, including the completion of the UAE’s railway link to the Saudi border and preparations for a bridge connecting Bahrain and Saudi Arabia.

He noted that the railway segment between Ras Al-Khair and Dammam in Saudi Arabia, covering about 200 kilometers, has been complete.

Work continues on remaining project segments and the creation of Hafeet Railways, a partnership between Etihad Rail and Oman Rail, to link Abu Dhabi, the UAE capital, and Sohar, in Oman.

In addition, the design for the first phase of the project in Qatar are complete, and an engineering consultancy agreement for Kuwait’s railway is expected this year.

Plans to connect project routes at the borders between GCC countries are in progress, with 13 technical appendices approved. A competition for the project’s operational plan is underway, and preparations are being made for an asset management system.

Al-Budaiwi explained that the decision by GCC leaders considers both social and economic benefits.

These include improved trade between member states, job creation for GCC citizens, reduced road maintenance costs, stronger community ties, fewer traffic accidents and fatalities, and lower private vehicle use, leading to less fuel consumption and environmental impact.

The strategic railway project is expected to start operations in 2030, he revealed.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.