However, since 2010, investments in the expansion of new railway lines have surged because of the government’s attempt to reduce dependency on oil-based revenues and seek new investments in the travel and tourism sector. The government, currently, plans to substantially expand the rail network for better connectivity across some of the major cities and religious places in Saudi Arabia.
Analysts forecast the railway infrastructure spending market in Saudig https://bmmagazine.co.uk/ Arabia to grow at a CAGR of 7.88% during the period 2016-2020.
Covered in this reportThe report covers the present scenario and the growth prospects of the railway infrastructure spending market in Saudi Arabia during the period 2016-2020. The report considers the investments made by the government of Saudi Arabia in railway infrastructure construction. The market size has been calculated based on the budget allocation for the infrastructure and transportation sectors.
Railway Infrastructure Spending Market in Saudi Arabia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors• Al-Khodari• Saudconsult• Saudi Binladin• Tarouk
Other prominent vendors• Al-Ayuni• Al Rajhi Construction• Al-Rashid Trading & Contacting• China Railway Engineering• El Seif Engineering Contracting• Mohammed Ali Al Swailem• Saudconsult• Saudi Binladin• Tarouk
Market driver• Development of new economic cities• For a full, detailed list, view our report
Market challenge• Hostile climatic conditions• For a full, detailed list, view our report
Market trend• Increase in green bu