Saudi Arabia to develop 14,000 km railway across country

17 Jan 2022 CW Team

Saudi Arabia Investment Minister Khalid al-Falih told the media that will develop 14,000 km of the railway across the nation and is additionally preparing a new investment law to manage the requirements of investors.

Falih told a mining forum in Riyadh that new rail will criss-cross the kingdom and add to the network they already have. He additionally told the media that his ministry was working on a new investment law that would manage the requirements of investors.

The law would be passed this year, hopefully, shortly, Falih said.

Saudi Arabia has additionally become a challenge for Dubai after it declared last year it would give foreign companies until the end of 2023 to install headquarters in the nation or risk losing out on government agreements.

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