Rise in Tourism in Saudi Arabia Propelling Growth in the Railway Infrastructure Spending Market in Saudi Arabia

Reportstack has announced a new market research report on the Railway Infrastructure Spending Market in Saudi Arabia 2015-2019, which is expected to grow at a CAGR of 20.93 percent during the forecast period of 2014-2019.

The Railway Infrastructure Spending market in Saudi Arabia has shown growth recently because of the high level of investments made by the government. Moreover, emphasis is being placed on the development of freight transport in the country. The construction of new rail lines is attracting more investment to the country when compared to other sectors. Further, one of the major factors leading to an increase in investments in infrastructure development is the government's economic diversification plan toward Non-oil sectors. Therefore, the government is investing heavily in the construction of railways, airport, roads, and power plants.

“A rise in the number of international tourists in Saudi Arabia is leading to large-scale investment for the development of transport infrastructure,”.

“The HSR network that is presently under construction will connect the holy cities of Mecca and Medina to the King Abdullah Economic City in Jeddah and also to the national railway network and the international airport.”

Key Market Drivers

Development of New Economic Cities
Massive Government Investment
Increase in Exports

Key Market Trends

Development of HSR
Rise in Tourism in Saudi Arabia
Construction of Metro Rail Network

Key Market Vendors

Al-Rashid Trading & Contracting Company Ltd (RTCC)
Bechtel Corp.

Saudi Binladin Group Ltd.

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Complete report available @  Railway Infrastructure Spending Market in Saudi Arabia 2015-2019.