Railway Infrastructure Spending Market in Saudi Arabia to grow at a CAGR of 7.88% during the period 2016-2020; Finds New Report

Report forecast the railway infrastructure spending market in Saudi Arabia to grow at a CAGR of 7.88% during the period 2016-2020.

Before 2010, Saudi Arabia had a small railway network, with a 278.9 miles passenger line and a 556-km freight line, linking Riyadh and Gulf port of Damam via Haradh. Until 2010, the railways were the least developed means of transport in the country.

However, since 2010, investments in the expansion of new railway lines have surged because of the government's attempt to reduce dependency on oil-based revenues and seek new investments in the travel and tourism sector. The government, currently, plans to substantially expand the rail network for better connectivity across some of the major cities and religious places in Saudi Arabia.

The report covers the present scenario and the growth prospects of the railway infrastructure spending market in Saudi Arabia during the period 2016-2020. The report considers the investments made by the government of Saudi Arabia in railway infrastructure construction. The market size has been calculated based on the budget allocation for the infrastructure and transportation sectors.

According to the report, the expansion of new cities has increased emphasis on the development of transport infrastructure. Better connectivity through railways will ease freight traffic movement within the country and in the international market, boosting trade services and exports in the country. Rising investments in the development of economic cities will stimulate spending on railway infrastructure during the forecast period.

Further, the report states that Saudi Arabia has an extremely hot climate, characterized by high temperatures and sandstorms. . Maintaining high levels of safety in such hostile climatic conditions is a critical challenge for construction companies in this country.

Railway Infrastructure Spending Market in Saudi Arabia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Railway Infrastructure Spending Market in Saudi Arabia: Al-Khodari, Saudconsult, Saudi Binladin and Tarouk.

Other Prominent Vendors in the market are: Al-Ayuni, Al Rajhi Construction, Al-Rashid Trading & Contacting, China Railway Engineering, El Seif Engineering Contracting, Mohammed Ali Al Swailem, Saudconsult, Saudi Binladin and Tarouk.

Market driver

• Development of new economic cities
• For a full, detailed list, view our report

Market challenge

• Hostile climatic conditions
• For a full, detailed list, view our report

Market trend

• Increase in green building practices
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 59 pages and 18 Exhibit “Railway Infrastructure Spending Market in Saudi Arabia 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Five forces analysis, Market drivers, Impact of drivers and challenges, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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