Algeria Announces $1 Billion for African Development
Algerian Prime Minister Aimene Benabderrahmane at the annual African Union summit of leaders in the Ethiopian capital, Addis Ababa. - AFP
Algerian President Abdelmadjid Tebboune said Sunday the North African nation will allocate a billion dollars to finance development projects across the continent through the Algerian Agency of International Cooperation for Solidarity and Development.
The official APS news agency said his decision was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual African Union summit of leaders in the Ethiopian capital, Addis Ababa.
"I have decided to inject one billion US dollars for the benefit of the Algerian Agency of International Cooperation for Solidarity and Development to finance development projects in African countries," read the speech, part of which was published by APS.
It said attention would be paid to "integration projects or those able to contribute to accelerating development in Africa".
Tebboune said the agency's approach was based on Algeria's conviction that "security and stability in Africa are linked to development".
APS said the government agency, established in 2020, would coordinate with African nations seeking to benefit from the initiative.
Most of the sessions at the two-day 36th annual AU summit are being held behind closed doors.
Riyadh Metro Begins Operation on Sunday to Ease Traffic in Saudi Capitalhttps://english.aawsat.com/business/5086797-riyadh-metro-begins-operation-sunday-ease-traffic-saudi-capital
The media was given a tour of the new Riyadh Metro ahead of its official opening on Sunday. (Asharq Al-Awsat)
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Riyadh Metro Begins Operation on Sunday to Ease Traffic in Saudi Capital
The media was given a tour of the new Riyadh Metro ahead of its official opening on Sunday. (Asharq Al-Awsat)
The Riyadh Metro, the backbone of the capital’s public transport network, will begin operation on Sunday.
The Riyadh Metro project is the largest in the Middle East and boasts the world’s longest driverless metro line in the world.
The metro will help ease 30 percent of traffic in Riyadh, said the Royal Commission for Riyadh City (RCRC) during a media tour of the project on Friday.
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud had on Wednesday inaugurated the Riyadh Metro.
The network spans 176 kilometers across six lines and 85 stations, including four main ones. It will offer 10 million trips daily and has the capacity for over 3 million passengers. It has already been integrated into the existing bus network.
The Darb app was launched on Thursday to help improve the transport experience in Riyadh.
Maher Shira, Director General of the Smart City Department at the RCRC, told Asharq Al-Awsat during the media tour that the app brings together bus, ticket and metro networks all in one platform.
The app has four main features: the first introduces users to the metro network, including stations, schedules, routes and tickets. The second offers users the option to best plan their trip through suggesting the best routes through the various transportation modes available.
The third offers users the option to purchase tickets, including a pass that covers all modes of transportation in the network. The fourth feature is the customer service option.
Shira said the metro network can be expanded to take in Riyadh’s growing population.
The first phase of the network will open on Sunday. (Asharq Al-Awsat)
The metro project was launched as part of Riyadh’s efforts to bolster sustainable transport and ease traffic, reflecting the Kingdom’s commitment to developing smart transport infrastructure, he added.
Sunday will witness the launch of the blue, yellow and purple lines of the metro network. The blue line spans Olaya Street to Al-Bathaa. The yellow line spans the King Khalid International Airport road and the purple line covers the Abdul Rahman Ibn Awf Road and the Al-Sheikh Hasan Ibn Hussein Ibn Ali Road.
The red and green lines of the metro will be launched by December 15 and the orange line by January 5.
Tickets are available on the Darb app and prices range from 4 to 140 riyals. A two-hour trip costs 4 riyals, a three-day pass is priced at 20 riyals, a one-week pass costs 40 riyals and the 30-day pass costs 140 riyals.
