VOL. XLIV

No 40

1-October-2001

SAUDI ARABIA

SEC Approves $2.67Bn RailroadProject

Saudi Arabia痴 Supreme EconomicCouncil (SEC) on 19 September approved a project to build a railroad networklinking various parts of the kingdom at a cost of SR10bn ($2.67bn). Investorsfrom within the kingdom and abroad will be invited in the coming weeks todiscuss their possible participation in the project. One idea is to build a railroadtrack across Saudi Arabia from Jiddah on the west coast to Dammam and Jubail on...