The kingdom has a road budget of $3bn this year
Saudi Arabia has signed $634m worth of road contracts this week mainly in the Riyadh area.
These contracts include the first phase of Alkhari-Quwaieya road, phase two of Afif-Dhalam road and the road linking Riyadh-Qassim road with Riyadh-Huraimala road.
The contracts have been awarded as part of the kingdom’s wider programme of road-building. Saudi Arabia has earmarked 389 new road projects across the kingdom. These roads will stretch for a total length of 6,600 kilometres and have a budget of $3bn, says the Transport Minister Jabara al-Seraisry.
The Transport Ministry has also set aside $200m to be spent on road maintenance and a further $13m to be spent on studies for 2,762km of new roads.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.