From Two Hours to 30 Minutes: Qiddiya Bullet Train to Cut Riyadh Travel Time by 75%

A Riyadh Metro train carriage in the Saudi capital (SPA). 
A Riyadh Metro train carriage in the Saudi capital (SPA). 
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From Two Hours to 30 Minutes: Qiddiya Bullet Train to Cut Riyadh Travel Time by 75%

A Riyadh Metro train carriage in the Saudi capital (SPA). 
A Riyadh Metro train carriage in the Saudi capital (SPA). 

Qiddiya is set to become significantly more accessible under plans to link the entertainment and tourism hub to King Salman International Airport and the King Abdullah Financial District (KAFD) through the new Qiddiya Bullet Train.

The project will reduce travel time to around 30 minutes, down from nearly two hours using other transport options, a 75% cut in commuting time. Operational speeds are expected to reach 250 kilometers per hour, according to the Royal Commission for Riyadh City.

The railway forms part of a broader transport strategy aimed at improving connectivity across the capital and enhancing mobility between key destinations, in line with population growth and urban expansion in western and southwestern Riyadh.

In a related development, the commission announced the awarding of the Red Line extension of the Riyadh Metro to Diriyah. The expansion includes 7.1 kilometers of tunnels and 1.3 kilometers of elevated track, with stations at King Saud University and Diriyah. The latter is expected to serve as a future interchange with the planned Line 7.

Officials estimate the project could remove around 150,000 cars from daily traffic, improving access to tourist destinations such as Bujairi Terrace and Wadi Safar, while supporting more sustainable mobility patterns.

Bandar Al-Saadoun, Vice Chairman of Khaleejiah Holding, told Asharq Al-Awsat that the Diriyah development ranks among the largest projects under Vision 2030. He pointed to additional landmark initiatives in Wadi Safar, alongside the Opera House project and King Salman Grand Mosque.

He said extending the Red Line along King Abdullah Road to Diriyah would generate strong real estate demand, particularly as the rail network integrates routes from King Salman International Airport through KAFD, Diriyah and the New Murabba development.

Al-Saadoun added that roughly 30 projects have been announced in Qiddiya, raising the prospect of gradual real estate growth along corridors connected to the rail line. The project’s links to major developments — including Expo 2030 Riyadh, New Murabba and The Avenues — as well as the airport, expected to become one of the world’s largest by 2030, are likely to reinforce demand.

Real estate analyst Khaled Almobid said large-scale transport projects such as the Qiddiya Bullet Train do more than lift prices; they reshape market structure and asset values over the medium and long term.

Historically, properties within one to three kilometers of transport stations see capital appreciation and rising investment demand, particularly for undeveloped “white land,” which often transitions into higher-density projects, he remarked.

Almobid expects a dual impact: both redistribution of demand within Riyadh and genuine market expansion driven by what he called “manufactured demand” from Qiddiya, which is projected to attract 17 million visitors and generate 325,000 jobs. He also anticipates a population shift toward western Riyadh and areas surrounding the new stations.

Land prices near Qiddiya have already risen between 30% and 40% since 2023, reflecting early market anticipation, he said, predicting more sustainable growth once operations begin and prices align with the tangible value of cutting travel time to 30 minutes between the airport, KAFD and Qiddiya.

Residential and tourism-related real estate are likely to lead the next phase, supported by Saudi Arabia’s goal of raising homeownership to 70% and attracting 150 million annual visitors by 2030, with mixed-use locations along the rail corridor expected to draw the strongest investment interest.



Saudi Arabia Records Highest Quarterly Non-Oil Exports Since 2017

 Jeddah Islamic Port (SPA) 
 Jeddah Islamic Port (SPA) 
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Saudi Arabia Records Highest Quarterly Non-Oil Exports Since 2017

 Jeddah Islamic Port (SPA) 
 Jeddah Islamic Port (SPA) 

Saudi Arabia recorded its highest quarterly level of non-oil exports since 2017 in the fourth quarter of 2025, highlighting a significant structural shift in the Kingdom’s trade dynamics.

Data from the General Authority for Statistics (GASTAT) showed that the merchandise trade surplus rose 26.3 percent year on year in the fourth quarter, driven by strong growth in non-oil exports, which are playing an increasingly pivotal role in strengthening Saudi Arabia’s external balance.

Non-oil exports, including re-exports, climbed a record 18.6 percent to SAR 97 billion ($25.8 billion), marking their highest quarterly level in eight years. These exports covered 39.4 percent of total imports during the period. As a result, the trade surplus widened to SAR 52.5 billion (about $14 billion), its highest level in three years.

Re-exports were the standout performer, surging 67.4 percent to SAR 40 billion ($10.6 billion). The sharp increase was largely fueled by growth in machinery, electrical equipment and appliances, which expanded 79.2 percent and accounted for roughly half of total re-exports.

Overall merchandise exports reached SAR 300 billion ($80 billion) in the fourth quarter, up 7.9 percent compared with the same period in 2024. Oil exports rose 3.5 percent year on year to SAR 203 billion ($54.1 billion). Imports also increased, rising 4.7 percent to SAR 248 billion ($66.1 billion)

Trade data underscored the depth of Saudi Arabia’s commercial ties with major global economies. China remained the Kingdom’s largest trading partner, accounting for 13.1 percent of total exports and 27.2 percent of imports.

The United Arab Emirates ranked second among export destinations, receiving 11.2 percent of Saudi exports.

Other leading export markets included Japan (9.9 percent), followed by India, South Korea, the United States, Bahrain, Egypt, Singapore and Poland. Collectively, these ten countries accounted for 70.9 percent of total Saudi exports.

On the import side, the United States ranked second after China, representing 8.7 percent of total imports. It was followed by the UAE (5.7 percent), Germany, India, Japan, Italy, France, Switzerland and Egypt. Together, these ten countries accounted for 67 percent of the Kingdom’s total imports.

Vision 2030 Driving Diversification

The record performance reflects the goals of Saudi Vision 2030, which aims to position the Kingdom as a global logistics hub linking three continents. The exceptional expansion in re-exports and greater reliance on advanced air cargo infrastructure point to tangible progress in building a platform capable of attracting and redistributing high-tech goods and electrical equipment worldwide.

The figures also demonstrate growing economic resilience. Oil exports accounted for 67.5 percent of total exports in the fourth quarter of 2025, down from 70.4 percent a year earlier. This gradual diversification of the export base has helped reinforce trade stability, supporting the highest surplus recorded in three years.

 

 

 


Gold Ticks Up on Safe‑haven Bids; Markets Eye US-Iran Talks

Gold items are displayed at a jewelry shop in Hanoi, Vietnam, 26 February 2026.  EPA/LUONG THAI LINH
Gold items are displayed at a jewelry shop in Hanoi, Vietnam, 26 February 2026. EPA/LUONG THAI LINH
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Gold Ticks Up on Safe‑haven Bids; Markets Eye US-Iran Talks

Gold items are displayed at a jewelry shop in Hanoi, Vietnam, 26 February 2026.  EPA/LUONG THAI LINH
Gold items are displayed at a jewelry shop in Hanoi, Vietnam, 26 February 2026. EPA/LUONG THAI LINH

Gold prices edged up on Thursday as uncertainty over US tariff policy boosted the metal's safe-haven appeal, while investors awaited further details on US-Iran talks later in the day.

Spot gold was up 0.4% at $5,190.01 per ounce, as of 0816 GMT. Bullion had hit a more-than-three-week high on Tuesday.

US gold ‌futures for April ‌delivery were down 0.4% at $5,206.80, said Reuters.

The US dollar ‌eased, ⁠making dollar-denominated commodities more ⁠affordable for holders of other currencies.

"Iran-US persisting tensions and the uncertainty surrounding the global economy with (President Donald) Trump's tariffs are a bullish catalyst," said Carlo Alberto De Casa, external analyst at banking group Swissquote.

US envoy Steve Witkoff and Trump's son-in-law Jared Kushner are due to meet an Iranian delegation for ⁠a third round of nuclear talks later in the ‌day in Geneva.

Trump briefly ‌laid out his case for a possible attack on Iran in his ‌State of the Union speech on Tuesday, saying ‌he would not allow a country he described as the world's biggest sponsor of terrorism to have a nuclear weapon.

Non-yielding gold is seen as a safe store of value during times of geopolitical and ‌economic uncertainty.

The US tariff rate for some countries will rise to 15% or higher from ⁠the newly ⁠imposed 10%, US Trade Representative Jamieson Greer said on Wednesday, without naming any specific trading partners or giving further details.

Gold prices scaled a record high of $5,594.82 on January 29 and were up 20% so far this year.

"The global gold rush does not seem to be over... Overall the sentiment remains positive with strong buys coming from Asia and from Central Banks," De Casa said.

On the data front, investors await the weekly US jobless claims data, due later in the day.

Spot silver fell 1.4% to $88.18 per ounce. Spot platinum added 0.9% to $2,308.11 per ounce, while palladium rose 0.3% to $1,800.14.


IMF Unlocks Around $2.3 Billion for Egypt

Thousands of Muslim students break their fast during the Muslim holy fasting month of Ramadan, at a free meal distributing point in Al-Azhar mosque in Cairo, Egypt, Wednesday, Feb. 25, 2026. (AP Photo/Ahmed Yosri )
Thousands of Muslim students break their fast during the Muslim holy fasting month of Ramadan, at a free meal distributing point in Al-Azhar mosque in Cairo, Egypt, Wednesday, Feb. 25, 2026. (AP Photo/Ahmed Yosri )
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IMF Unlocks Around $2.3 Billion for Egypt

Thousands of Muslim students break their fast during the Muslim holy fasting month of Ramadan, at a free meal distributing point in Al-Azhar mosque in Cairo, Egypt, Wednesday, Feb. 25, 2026. (AP Photo/Ahmed Yosri )
Thousands of Muslim students break their fast during the Muslim holy fasting month of Ramadan, at a free meal distributing point in Al-Azhar mosque in Cairo, Egypt, Wednesday, Feb. 25, 2026. (AP Photo/Ahmed Yosri )

The International Monetary Fund (IMF) has unlocked around $2.3 billion for Egypt after its latest program reviews, it said on Wednesday.

Egypt secured an expanded $8 billion package over nearly four years from the IMF in March 2024, contingent on a series of economic reforms.

In March last year, the global lender approved a new loan worth $1.3 billion for Egypt.

After completing the fifth and sixth reviews of the Extended Fund Facility, the IMF said on Wednesday around $2 billion will be unlocked for Egypt.

It will be able to draw an extra $273 million under the Resilience and Sustainability Facility (RSF) after the first review was completed, the IMF said in a statement.

"Egypt's macroeconomic situation has improved amid sustained stabilization efforts," it said. "A broad-based economic recovery has lifted real GDP growth to 4.4 percent in FY2024/25 while inflation declined markedly to 11.9 percent in January 2026, supported by tight monetary and fiscal policies."

"The current account deficit narrowed further to 4.2 percent of GDP, reflecting strong remittances and tourism receipts, while market confidence continued to improve, as evidenced by successful external issuances, foreign direct investment inflows, and record nonresident inflows into domestic debt markets."

"Tight monetary and fiscal policies together with exchange rate flexibility have helped restore macroeconomic stability, reduce inflation, and strengthen the external position."

But the IMF warned that structural reforms under the program have been "uneven.”

"Efforts to reduce the state's footprint, particularly progress on the divestment agenda, have been slower than envisaged, while high public debt and elevated gross financing needs continue to constrain fiscal space and weigh on medium-term growth prospects," the IMF added.