Dubai Launches Official Operations of Route 2020 Project

WAM
WAM
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Dubai Launches Official Operations of Route 2020 Project

WAM
WAM

Dubai has officially inaugurated the Route 2020 Project which involves the 15 km extension of the Dubai Metro Red Line from Jebel Ali Station to Expo 2020 Station.

At a cost of AED11 billion ($2.9 billion) the Route 2020 project links seven stations and will be open to the public in September this year, WAM reported.

Speaking on the occasion, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai said: "The UAE has exceptional goals and ambitions. Today, we are moving with confidence, determination and a clear vision to attain the highest levels of excellence in various fields. Our objective is to provide people everything that ensures their wellbeing, stability and happiness and establish a prosperous future for the coming generations."

"The world is today entering a new phase which brings unprecedented challenges that some may not be prepared to deal with. However, we have a strategy designed to tide over unforeseen challenges and create a positive future. Our nation is equipped with the plans, competencies and expertise needed to navigate these challenging global circumstances. We have the ability to overcome all obstacles while sustaining our progress and generating new opportunities," Sheikh Mohammed added.

For his part, Sheikh Mohammed was welcomed by Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority, RTA, noted that Route 2020 has a capacity of 46,000 riders per hour in both directions (23,000 riders per hour per direction), adding that the expected number of riders using Route 2020 to reach 125,000 per day in 2021, and 275,000 riders per day by 2030.

"Studies also reveal that Expo 2020 Station is expected to record about 35,000 daily Expo visitors during weekdays, and the number to increase to 47,000 daily visitors during weekends. This number accounts for 29% of the total expected number of daily visitors of Expo," explained Al Tayer.

According to WAM, work is currently underway on the second phase of mobile testing, which consists of a series of tests on a train in motion without passengers. Tests on the rolling stock cover motors, brake systems, loading, electric current systems, electromagnetic compatibility, automated train systems, rail communications systems, and speed.



Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
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Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.