SAR's Program to Localize Saudi Railway Industry: A Leap Towards Vision 2030
Key Ideas
- Saudi Railways Company (SAR) is launching a program to localize the railway industry to achieve Vision 2030 goals, focusing on boosting local industry and sustainable technologies.
- SAR aims to increase local spending to 60% by 2025, emphasizing the establishment of domestic factories, transfer of global expertise, and private sector involvement to enhance job creation.
- The initiative underscores SAR's commitment to sustainability and economic development, showcasing eco-friendly solutions like hydrogen-powered trains and efforts to reduce carbon emissions through railway transport.
- SAR's projects like the Land Bridge and Gulf Linkage contribute to making Saudi Arabia a global logistics hub, connecting continents and fostering regional growth, ultimately empowering local businesses and ensuring sustainable transportation leadership.
Saudi Railways Company (SAR) is gearing up to launch a Program to Localize the Saudi Railway Industry, a strategic move aligned with the Kingdom's Vision 2030 objectives. The program aims to enhance the local industry and foster sustainable transportation by increasing local spending and establishing domestic factories. SAR's CEO, Dr. Bashar Al-Malik, announced the debut of this initiative at the upcoming Saudi International Railways Conference in Riyadh, showcasing the company's dedication to localizing industry services and boosting investment in sustainable technologies. By achieving a 50% local spending rate by 2023 and targeting 60% by 2025, SAR emphasizes job creation and private sector involvement to drive economic growth. The program highlights SAR's commitment to sustainability through eco-friendly solutions like hydrogen-powered trains and the impact of railways in reducing carbon emissions and enhancing traffic safety. Additionally, SAR's projects, such as the Land Bridge and Gulf Linkage, play a vital role in realizing Vision 2030 goals by positioning Saudi Arabia as a global logistics hub. These efforts not only support uninterrupted global trade flow but also strengthen the local economy by creating job opportunities and promoting sustainable practices in the transportation sector.
Topics
Rail
Sustainability
Job Creation
Economic Development
Global Trade
Railway Industry
Vision 2030
Localization
Logistics Hub
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