DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qhk25x/railway) has announced the addition of the "Railway Infrastructure Spending Market in Saudi Arabia 2015-2019" report to their offering.
The Railway Infrastructure Spending market in Saudi Arabia to grow at a CAGR of 20.9% over the period 2014-2019
Railway infrastructure spending in Saudi Arabia is growing immensely due to high investment by the government. Major emphasis is also being placed on the development of freight transport in the country. In addition, the GCC government is planning to construct a railway network that will link other regions. The construction of HSR network is also gaining more importance due to its connectivity to major holy cities thereby leading to a rise in railways revenue.
The development of a HSR network in the country is one of the major trends emerging in the market. The construction of HSR helps reduce passengers' travel time, and is gaining huge prominence in the country because of the railway connectivity to the major holy cities, Mecca and Medina. This is also leading to an increase in inbound tourists in Saudi Arabia.
According to the report, the development of new economic cities is one of the major drivers in the market. The expansion of new economic cities calls for large-scale investment in the Transport Infrastructure sector. Moreover, the construction of railways will ensure better connectivity to other cities, leading to a rise in rail freight traffic.
Further, the report states that the limited scope of private sector investment in rail infrastructure is one of the major challenges faced by the market. The role of the private sector is limited to the operation and maintenance of railways, while projects are funded by the government.
- Al Rashid Trading & Contracting Company
Saudi Binladin Group
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Industry Overview
- Market Landscape
- Vendor Selection Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/qhk25x/railway