Saudi Arabia Establishes New Railway to Reduce Carbon Emissions, Increase Carrying Capacity

The signing ceremony of a new railway service linking the north and east networks in Saudi Arabia (Asharq Al-Awsat)
The signing ceremony of a new railway service linking the north and east networks in Saudi Arabia (Asharq Al-Awsat)
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Saudi Arabia Establishes New Railway to Reduce Carbon Emissions, Increase Carrying Capacity

The signing ceremony of a new railway service linking the north and east networks in Saudi Arabia (Asharq Al-Awsat)
The signing ceremony of a new railway service linking the north and east networks in Saudi Arabia (Asharq Al-Awsat)

Saudi Arabia Railways (SAR) launched on Sunday a new railway service linking the north and east networks, passing through Jubail Industrial City to ship industrial materials and goods.

The Emir of Eastern Province, Prince Saud bin Naif inaugurated the railway project in the presence of the Minister of Transport and Logistics and SAR Chairman of the Board of Directors, Saleh al-Jasser, and Deputy Minister of Transport and Logistics Rumaih al-Rumaih.

SAR said that the new network aims to reduce carbon emissions, increase the carrying capacity of the freight train, support exports and the competitiveness of Saudi products.

The Railways added that this connection would contribute to providing integrated solutions and complete logistical services by linking the commercial and industrial ports in Dammam and Jubail with the train network.

SAR also said that the internal Jubail network would serve the industrial facilities in Jubail Industrial City that link it to the King Fahd Industrial Port and Jubail Commercial Port in Jubail.

It aims to promote traffic safety, reduce carbon emissions of other means of transportation, and increase the attractiveness of the local market through regional and international connectivity.

The Public Transport Authority indicated that the new project in Jubail will replace more than 200,000 trucks annually, which supports the logistic sector and preserves the environment and infrastructure.

The railway stimulates national industries and raises railway transport rates while integrating with other means of transport and improving the quality of life.

Meanwhile, Saudi Ports Authority (Mawani) signed two contracts worth $170 million with PC Marine Services and Modern Building Leaders (MBL) to deepen and build new berths at Jeddah Islamic Port

It comes within the framework of Mawani's initiatives to enhance the maritime transport and logistics sector and upgrade port operations by implementing over 160 projects in line with the National Transport and Logistics Strategy (NTLS).

The contract with MBL, in association with Huta Hegerfeld Saudia, will develop Jeddah Islamic Port's deepening of harbor approach channels, turning basins, waterways, and the south terminal basin.

These upgrades will enable the arrival of giant vessels with a capacity of up to 24,000 TEUs, besides attracting new global shipping lines to local shores.

Under the contract, PC Marine Services will build new berths (26 to 31) measuring 16 meters deep and 1,100 meters long at the multi-cargo terminals to receive large bulk grain carriers and accommodate larger vessels to cover the local market demand.

It also aims to secure the Kingdom's strategic reserve by increasing the amount of imported grain and enhancing the food security system through Jeddah Islamic Port.

Saudi ports are one of the most important economic and commercial tributaries and play a pivotal role in developing local, regional, and international trade.



Euro Zone Economy Growth Accelerates to 7-month High in March, PMI Shows

Most lights are out in the European Central Bank during the so-called "Earth Hour" in Frankfurt, Germany, Saturday, March 22, 2025. (AP Photo/Michael Probst)
Most lights are out in the European Central Bank during the so-called "Earth Hour" in Frankfurt, Germany, Saturday, March 22, 2025. (AP Photo/Michael Probst)
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Euro Zone Economy Growth Accelerates to 7-month High in March, PMI Shows

Most lights are out in the European Central Bank during the so-called "Earth Hour" in Frankfurt, Germany, Saturday, March 22, 2025. (AP Photo/Michael Probst)
Most lights are out in the European Central Bank during the so-called "Earth Hour" in Frankfurt, Germany, Saturday, March 22, 2025. (AP Photo/Michael Probst)

Euro zone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn despite slower growth in services, a survey showed.
The improving business climate in the common currency bloc could gain more traction over the coming months as plans for a spending splurge in infrastructure and defense, particularly in Germany, raise optimism for a turnaround in Europe's economic fortunes, Reuters reported.
HCOB's preliminary composite euro zone Purchasing Managers' Index, compiled by S&P Global, rose to 50.4 this month from February's 50.2, its highest since August. It has remained above the 50 mark separating growth from contraction since the start of this year.
Growth in activity was still meagre, however, and the index was below a prediction in a Reuters poll for a rise to 50.8.
An index measuring the bloc's dominant services industry declined to 50.4 from last month's 50.6, below the Reuters poll forecast of 51.0.
But a near three-year-long contraction in manufacturing eased and its headline PMI increased to an over two-year high of 48.7 from 47.6 in February. The Reuters poll had predicted it at 48.2.
An index measuring factory output that feeds into the composite PMI showed expansion for the first time in two years. It jumped to 50.7 from 48.9, its highest since May 2022.
"Just in time with the beginning of spring we may see the first green shoots in manufacturing," said Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank.
"While we should not be carried away by a single data point, it is noteworthy that manufacturers expanded their output for the first time since March 2023."
Faced with higher costs, manufacturing firms raised prices charged. Both input and output inflation hit their highest in seven months. However, prices grew at a slower pace in the services sector.
In a sign of improving sentiment among businesses, employment generation gathered pace this month. The composite employment index rose to 50.1 from 49.2, above breakeven for the first time in eight months.