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Saudi Initiatives Propel Kingdom to 4th Globally in Road Quality Index

Saudi Roads General Authority is achieving rapid milestones to enhance the efficiency of the road network in Saudi Arabia (SPA)
Saudi Roads General Authority is achieving rapid milestones to enhance the efficiency of the road network in Saudi Arabia (SPA)
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Saudi Initiatives Propel Kingdom to 4th Globally in Road Quality Index

Saudi Roads General Authority is achieving rapid milestones to enhance the efficiency of the road network in Saudi Arabia (SPA)
Saudi Roads General Authority is achieving rapid milestones to enhance the efficiency of the road network in Saudi Arabia (SPA)

Saudi Arabia continued to advance on the Road Quality Index (RQI) to the level of 5.7, taking the fourth place globally among the G20 countries, according to the World Economic Forum (WEF) report for 2023.
Saudi Minister of Transport and Logistics Saleh Al-Jasser attributed this success to the unwavering support lent by the leadership and the efforts exerted to maintain the Kingdom’s global leadership in road network connectivity, enhance road quality, improve operational efficiency, ensure safety, and meet the ambitious targets outlined in the national transport and logistics services strategy entailed in Saudi Arabia’s Vision 2030.
For his part, Badr Aldulami, the acting CEO of the Kingdom’s Roads General Authority (RGA), pointed to the “remarkable momentum” witnessed by the road sector in 2023, which contributed to this achievement after working on several vital projects and initiatives, coupled with implementing new and modern road network solutions.
The RGA had indicated that the WEF report revealed that road infrastructure quality in the Kingdom rose from 5.2 to 5.7 in 2023, with a growth rate exceeding 10%, which is the highest among the G20 countries.
Improving Road Safety, Quality
The RQI is one of the key global indices that measures the quality of road networks based on the study and analysis of a group of factors that affect road performance and user safety.
The RGA is actively working to boost road safety and quality standards, aligning with strategic sector targets where quality, safety, and traffic density are key.
Experts note Saudi Arabia’s progress in the global road quality index, ranking fourth among G20 nations, attributed to government efforts to enhance road infrastructure across cities.
Enhancing Cargo Transport
Logistics expert Nashmi Al Harbi credited Saudi Arabia’s rise in the global road quality index to government initiatives improving roads to high technical standards, facilitating smoother cargo transport and trade growth.
“The establishment of an independent roads authority in 2022 has further supported transportation and logistical services, contributing to economic development,” Al Harbi told Asharq Al-Awsat.
“Focus on high-quality road networks reflects the government’s commitment to advancing logistical services and trade facilitation,” he asserted.
Strategic Road Development
Economic analyst Abdulrahman Al Jubairi highlighted Saudi Arabia’s progress in the road infrastructure quality index, signaling successful government strategies post-establishment of a specialized authority aimed at improving operational efficiency and quality standards.
The recent evolution in Saudi Arabia's road network is expected to enhance user experience and logistical efficiency, supporting trade operations, Al Jubairi stressed.

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Egypt Signs Preliminary Financing Agreement on $650 Million Solar Project in Upper Egypt

A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
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Egypt Signs Preliminary Financing Agreement on $650 Million Solar Project in Upper Egypt

A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)
A general view of the Benban plant of photovoltaic solar panels in Aswan, Egypt, November 17, 2019. (Reuters)

Egypt has signed a preliminary financing agreement with Norway's Scatec and three multilateral development banks for a $650 million solar power project in the southern province of Qena, the cabinet said on Monday.

Egypt ‌is scaling ‌up renewable energy ‌projects ⁠to reduce its natural ⁠gas import bill, targeting a 42% share of renewable energy in its electricity generation mix by 2030.

The Dandara project in ⁠Nagaa Hammadi city will ‌have generation ‌capacity of 1 gigawatt and ‌battery storage of 200 megawatt ‌hours, the cabinet said.

The European Investment Bank, European Bank for Reconstruction and Development and African ‌Development Bank are participating in the financing arrangements while ⁠the ⁠National Bank of Egypt will take an equity stake in the project company.

The project will be built in two phases, each adding 500 megawatts of solar capacity and 100 megawatt hours of battery storage.

Business

RSNF Launches HMS NEOM Under Second Phase of Sarawat Project

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
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RSNF Launches HMS NEOM Under Second Phase of Sarawat Project

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA
HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia - SPA

The Royal Saudi Naval Forces (RSNF) launched His Majesty's Ship NEOM (HMS NEOM), the second ship in the second phase of the Sarawat Project, at Navantia’s shipyard in San Fernando, Spain, following the completion of hull construction and assembly.

The outfitting, installation and integration of the ship’s systems will be completed in Saudi Arabia, followed by acceptance trials on Saudi lands and in Saudi waters, supporting technology transfer and the localization of military shipbuilding.

The launching ceremony was attended by Chief of Staff of RSNF Vice Adm. Mohammed bin Abdulrahman Alghuraiby, Saudi Ambassador to Spain Princess Haifa bint Abdulaziz bin Ayyaf Al Muqrin, Navantia Chairman Ricardo Domínguez, Chief Operating Officer at the company Gonzalo Mateo-Guerrero, San Fernando Shipyard Director Alberto Cervantes Sánchez, and senior naval officers from both countries.

Speaking at the ceremony, Vice Adm. Alghuraiby expressed appreciation for the unwavering support extended to the Armed Forces, particularly the RSNF, by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Minister of Defense Prince Khalid bin Salman bin Abdulaziz. He said this support has helped develop defense capabilities and enhance operational readiness and effectiveness.

He praised the Saudi-Spanish partnership and its role in developing naval capabilities, as well as the efforts of the project’s engineers and technicians in achieving this milestone. He emphasized that the Sarawat Project strengthens naval readiness and develops national expertise through a comprehensive package of logistics support and crew qualification and training, equipping personnel with the knowledge and experience needed to operate and maintain the ships.

The contract for the second phase of the Sarawat Project includes a comprehensive logistics support package, crew training programs and a plan to qualify more than 100 Saudi engineers, alongside the localization of combat systems integration and maintenance.

HAZEM, the first Saudi naval combat management system of its kind, is among the project’s most significant outcomes. It was developed through a strategic partnership between Saudi Arabian Military Industries (SAMI) and Spain’s Navantia.

As the regulator of the military industries sector, the General Authority for Military Industries (GAMI) supported the project through its industrial participation agreement with Navantia. The agreement includes specific targets for localization and the development of domestic capabilities, supporting Saudi Arabia’s military industries, advancing knowledge and technology transfer, and enhancing military readiness.

The second phase of the Sarawat Project comprises three Avante 2200 multirole corvettes: HMS AlMadinah, HMS NEOM and HMS AlUla. It builds on the first phase, which delivered five warships to the Royal Saudi Naval Forces.

The ships feature advanced systems to counter aerial, surface and subsurface threats, strengthening their ability to protect Saudi Arabia’s strategic interests and secure vital sea lanes.

Business

Oil Drops from Near Six-Month Highs on Hopes Iran War Hostilities to Ease

Pumpjacks operating in Kern County, which has a long history of oil production, in California's 22nd Congressional District on October 16, 2026 near Bakersfield, California. (Getty Images/AFP)
Pumpjacks operating in Kern County, which has a long history of oil production, in California's 22nd Congressional District on October 16, 2026 near Bakersfield, California. (Getty Images/AFP)
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Oil Drops from Near Six-Month Highs on Hopes Iran War Hostilities to Ease

Pumpjacks operating in Kern County, which has a long history of oil production, in California's 22nd Congressional District on October 16, 2026 near Bakersfield, California. (Getty Images/AFP)
Pumpjacks operating in Kern County, which has a long history of oil production, in California's 22nd Congressional District on October 16, 2026 near Bakersfield, California. (Getty Images/AFP)

Oil prices fell on Monday after surging last week to near six-month highs, amid hopes of easing hostilities between the United States and Iran.

US West Texas Intermediate crude futures were down $1.76, or 1.7%, at $101.51 per barrel by 0744 GMT. Brent crude futures were down $1.49, or 1.28%, at $115.23.

On Friday, prices settled nearly $3 higher after Houthi attacks in Saudi Arabia stoked energy supply concerns. Brent finished ‌the week up ‌6% and WTI ended 2.3% higher.

On Sunday, Qatari mediators ‌traveled ⁠to Tehran as ⁠part of an effort to de-escalate regional tensions in coordination with the United States, an official briefed on the situation said.

Also, top officials from Makkah Defense Agreement countries Saudi Arabia, Türkiye and Pakistan are set to meet Iran's leaders in Tehran on Monday in their first high-level contact since attacks by the Iran-backed Houthis joined the regional conflict by launching attacks on Saudi Arabia.

"Concerns over renewed military hostilities in the Middle East, which drove much of last ⁠week’s crude rally, have eased this morning, but the reprieve may ‌prove temporary," said Vandana Hari, founder of oil market ‌analysis provider Vanda Insights.

Hari said US President Donald Trump has not dispelled market expectations that strikes ‌on Iran could still follow after the November 3 midterm elections.

"We therefore expect volatility ‌to remain elevated, with risks still skewed to the upside," she added.

The effects of the US-Israeli war on Iran that began on February 28 continue to reverberate as companies adjust to the disruptions ⁠of commercial shipping ⁠through the key Strait of Hormuz and Bab el-Mandeb Strait caused by the conflict.

On Monday, the energy ministers from Saudi Arabia and Singapore said state-owned oil company Saudi Aramco will start storing crude oil in Singapore from the second half of 2027.

"While supply risks surrounding the Strait of Hormuz remain firmly entrenched, the current pullback appears more reflective of position adjustments and risk management rather than any meaningful improvement in the underlying supply situation," said Priyanka Sachdeva, head of market insight at Phillip Nova.

The head of the International Energy Agency, Fatih Birol, reinforced the concerns about the supply situation, saying on Monday at an industry event in Singapore that he does not expect energy markets in 2027 to return to where they were before the Iran war.