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.



Egypt Govt Pledges Wage Hikes, Relief for Citizens

 A woman prepares traditional Egyptian butter cookies known as "Kahk", to celebrate Eid al-Fitr, which marks the end of the holy month of Ramadan in Cairo, Egypt, March 23, 2025. (Reuters)
A woman prepares traditional Egyptian butter cookies known as "Kahk", to celebrate Eid al-Fitr, which marks the end of the holy month of Ramadan in Cairo, Egypt, March 23, 2025. (Reuters)
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Egypt Govt Pledges Wage Hikes, Relief for Citizens

 A woman prepares traditional Egyptian butter cookies known as "Kahk", to celebrate Eid al-Fitr, which marks the end of the holy month of Ramadan in Cairo, Egypt, March 23, 2025. (Reuters)
A woman prepares traditional Egyptian butter cookies known as "Kahk", to celebrate Eid al-Fitr, which marks the end of the holy month of Ramadan in Cairo, Egypt, March 23, 2025. (Reuters)

The Egyptian government has pledged to improve wages and ease the financial burden on citizens by raising the minimum wage to 7,000 Egyptian pounds (1 USD = 50.45 EGP in banks) starting from the new fiscal year in July 2025.

In its proposed budget for the 2025-2026 fiscal year, the government allocated an 18.1% increase in wage provisions, totaling 671 billion pounds to fund the new salary increases.

This includes a 10% increase in the periodic allowance for civil service law employees and a 15% increase for non-civil service employees, with a minimum increase of 150 pounds per month, according to Finance Minister Ahmed Kouchouk's statement on Monday.

The government measures also include raising the “cost of living allowance” from 600 to 1,000 pounds and increasing the additional incentive by 300 pounds across all job grades.

This will result in a minimum monthly salary increase of 1,100 pounds for the lowest job grade, boosting overall wages.

While welcoming the increase in the minimum wage, Samira Al-Jazzar, a member of the parliamentary plan and budget committee, called on the government to take further steps to ensure citizens benefit from the wage hikes.

She stressed the need to regulate markets and implement strict measures against price manipulators.

Al-Jazzar expressed concerns about potential price hikes, which could lead to a rise in inflation again.

She told Asharq Al-Awsat that the government should have pursued multiple strategies to address this issue.

The lawmaker also emphasized the importance of expanding production, which she believes would gradually reduce prices.

Economic expert Karim Al-Omda told Asharq Al-Awsat that the new wage increases are a preemptive move by the government to mitigate public anger over expected rises in fuel and service prices.

The government plans to raise fuel prices three times by the end of this year as part of a fuel subsidy reduction strategy under the economic reform program agreed with the International Monetary Fund, which secured a $12 billion loan, according to statements from Prime Minister Mostafa Madbouly.

Al-Omda urged the government to accelerate improvements in the education and healthcare sectors to genuinely enhance citizens' lives.

He highlighted the urgency of speeding up the implementation of the "comprehensive health insurance" system and making substantial reforms to the education system.

The Ministry of Finance has pledged to allocate the necessary funds to hire over 75,000 teachers, 30,000 doctors, and 10,000 other personnel in various government sectors in the upcoming fiscal year.