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Jeddah, Saudi Arabia

Jeddah projects in 2017: a train in the Corniche .. maritime taxi / Foodex_Saudi

Published 2017-02-12 07:03:30


The news agency "Reuters" reported that the declaration of the Saudi authorities for three projects for public transport in Jeddah yesterday, is a sign that the government is keen not to freeze on new infrastructure projects.


The statement said yesterday that the three projects, is the tram line "light rail" runs along the Corniche and the North, and Maritime Taxi service, and a bridge connecting two neighbourhoods of Jeddah, which is open to the participation of the private sector, in line with the new efforts of the government, aiming to urging private investors to participate in infrastructure construction.

With the expected decline in the government deficit, the state budget for 2017 came less austere.

It is expected a higher spending on infrastructure and transport 39% of the actual level of last year, and a study by Faithfull Gold advisory services, published last week, estimated the projects that the government will confirm this year will be total $ 27 billion, compared with about $ 20 billion last year.


Source: Today Eye

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