Kuwait Plans to Tender $1 Billion National Rail Road Project this Year

The contract is expected to have an estimated value of KD300m ($973m) 
The contract is expected to have an estimated value of KD300m ($973m) 
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Kuwait Plans to Tender $1 Billion National Rail Road Project this Year

The contract is expected to have an estimated value of KD300m ($973m) 
The contract is expected to have an estimated value of KD300m ($973m) 

Kuwait’s Public Authority for Roads and Transportation aims to tender the Kuwait National Rail Road project before the end of this year.

The MEED magazine said the contract is expected to have an estimated value of KD300m ($973m).

It said the scope of the main contract will include civil works, the installation of tracks and the provision of trains.

On January 23, the Central Agency for Public Tenders in Kuwait has awarded the design contract for the country’s railway project to Turkish engineering and consulting firm Proyapi.

The agency explained that the first phase of the project will focus on providing detailed design services and preparing tender documents. This initial phase is set to last for 12 months, after which the tender for the construction phase will be launched.

The Kuwait railway project, which is part of the broader Gulf Cooperation Council (GCC) railway network, is expected to be completed by 2030.

The 111-kilometer rail track will connect Kuwait to Saudi Arabia, with Kuwait serving as the northern station. The passenger station will be located in the Shadadiya area, covering 2 million square meters.

Once completed, the Gulf railway network will span 2,177 kilometers. It will link Kuwait City in the north to Oman in the south, passing through several other Gulf countries.

 

 

 

 



Saudi Crown Prince Orders Measures to Balance Riyadh’s Real Estate Market

Saudi Crown Prince and Prime Minister Mohammed bin Salman. SPA
Saudi Crown Prince and Prime Minister Mohammed bin Salman. SPA
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Saudi Crown Prince Orders Measures to Balance Riyadh’s Real Estate Market

Saudi Crown Prince and Prime Minister Mohammed bin Salman. SPA
Saudi Crown Prince and Prime Minister Mohammed bin Salman. SPA

Saudi Crown Prince and Prime Minister Mohammed bin Salman has issued directives for a series of comprehensive measures aimed at stabilizing land and rental prices in Riyadh, following an in-depth study by the Royal Commission for Riyadh City.

The Crown Prince’s directives are in response to the significant surge in land and rental prices witnessed in recent years. The measures are designed to achieve balance in the real estate sector and increase access to affordable housing.

As part of the initiative, the Crown Prince ordered the lifting of restrictions on land transactions — including sales, purchases, subdivisions, and construction permits — in two key northern areas of Riyadh.

The first spans 17 square kilometers, bounded by King Khalid Road and Prince Mohammed bin Saad Road to the west, Prince Saud bin Abdullah bin Jalawi Road to the south, Asmaa bint Malik Street to the north, and Al-Arid District to the east.

The second covers 16.2 square kilometers north of King Salman Road, bordered by Abi Bakr Al-Siddiq Road and Al-Arid District to the east, Prince Khalid bin Bandar Road to the north, and Al-Qirawan District to the west.

These areas are in addition to previously released areas totaling 48.28 square kilometers, bringing the total area released for development to 81.48 square kilometers.

The Crown Prince also instructed the Royal Commission for Riyadh City to provide between 10,000 and 40,000 fully planned and developed residential plots annually over the next five years, based on market demand.

These plots will be offered at prices not exceeding SAR1,500 per square meter to eligible Saudi citizens — specifically, married individuals or those aged 25 and above with no previous property ownership.

Conditions include a ten-year restriction on selling, renting, or mortgaging the land — except for loans to build on it. If construction is not completed within the decade, the land will be reclaimed and its value refunded.

Additional measures include the rapid implementation of proposed amendments to the White Land Tax Law within 60 days to enhance real estate supply, and regulatory actions within 90 days to ensure fair and balanced relationships between landlords and tenants.

Finally, the General Real Estate Authority and the Royal Commission for Riyadh City have been tasked with monitoring real estate prices in the capital and submitting regular reports to ensure transparency and market stability.