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PTA Seeks Private Partner for Rail Operations - ASHARQ AL-AWSAT English Archive
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Riyadh- The Public Transportation Authority (PTA) has called on international rail service companies and local private sector investment entities to enter into long-term strategic alliances to provide passenger and cargo transport services between Riyadh and Dammam, and for the north route between Riyadh and the northern frontier.

The PTA, the Saudi Railways Co. (SAR) and the Saudi Railways Organization (SRO) are working to develop and strengthen the role of the private sector in building and operating the Kingdom’s railway network.

The PTA said it will hold a workshop in Riyadh in September to discuss potential opportunities for the private sector before officially inviting bids.

Its call came within the execution of one of the most important Vision 2030 initiatives concerning the development of the railway sector, said Transport Minister Sulaiman al-Hamdan, who is also the head of the PTA.

This initiative is based on increasing the participation of the private sector in implementing projects, he said, adding that the PTA is coordinating with the National Center for Privatization (NCP) to set up the mechanism for public-private partnerships.

The ministry is working on expediting the process to implement initiatives to privatize some main sectors and provide the required infrastructure to form a coordinated transport system, Hamdan added.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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