Saudi Arabia unveils its USD 1.5bn railway project

Saudi Arabia unveils its USD 1.5bn railway project

Webuild has signed a contract worth USD 1.5 billion to design and construct 57 km of a high-speed railway in NEOM, along the northern Red Sea coast of Saudi Arabia.

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Saudi Arabia’s positive investment market outlook

Saudi Arabia’s positive investment market outlook

The ambitious goals outlined in Saudi Arabia’s Vision 2030 strategy are supported by more than USD 1 trillion worth of real estate and infrastructural developments, including 315,000 hotel keys. In the next four to five years, the number of hotel keys is likely to almost double to around 200,000, with at least half of the proposed supply becoming operational by 2028 and some existing properties leaving the market to make room for new, more desirable and competitive hotels and resorts.

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