LATER THIS MONTH contractors and investment bankers will assemble in Jeddah for a detailed briefing on Saudi Arabia’s multi-million project to establish a rail link between Mecca and Medina.
This is only the latest of several big projects – estimated by bankers to be worth at least $200 billion over the next 20 years – that have been announced by the government, to be undertaken by combinations of the public and private sectors.
These include another rail project – the Landbridge between the west and east coasts of Saudi Arabia – as well as water, electricity and petrochemicals projects.
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