‘$150 billion boost’ from new Saudi transport strategy

Saudi Arabia expects its new transport and logistics strategy to generate 550 billion riyals ($150 billion) in investments by 2030 in areas such as public transport, railways, and airports expansion and development, the Kingdom’s transport and logistical services minister said on Monday.

Saleh Aljasser said the government would provide 35 percent of the needed investments, and the rest would come from private investors. The strategy would have multiple benefits on economic activities because it would connect many sectors, such as Hajj and tourism, as well as industries, he said.

Abdulaziz Alduailej, president of the General Authority of Civil Aviation, said Saudi airlines would aim under the new strategy to reach 250 destinations worldwide, up

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