Saudi Arabia to invest over $133 billion in transport sector by 2030

In a bid to make Saudi Arabia a global transportation and logistics hub, the country will invest over 500 billion riyals ($133.34 billion) in airports, sea ports, rail and other infrastructure by 2030, informed the transport minister.
Crown Prince Mohammed bin Salman announced a transport and logistics drive, details of which have been partially released publicly, last Tuesday.
Minister of Transport and Logistic Services Saleh bin Nasser said that the strategy included many mega projects, with over 500 billion riyals reserved for investment.
About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international airline, expand airports, build a broader train network and explore new technologies, said the Transport Minister Saleh Al Jasser.