Saudi Railways Company's Initiative Towards Localizing Railway Industry
Key Ideas
- The Saudi Railways Company (SAR) is launching a program to localize the railway industry, aiming to increase local spending and job opportunities within the sector.
- The initiative includes establishing factories in the Kingdom, localizing services, and exploring investment opportunities in modern technologies.
- SAR has been at the forefront of environmentally friendly transportation by introducing fast electric trains and conducting hydrogen train experiments in line with the Saudi Green Initiative.
- The company's efforts not only contribute to economic development but also promote environmental sustainability by reducing carbon emissions and enhancing traffic safety levels.
The Saudi Railways Company (SAR) is set to introduce a special program to localize the railway industry at the upcoming Saudi International Railways Conference in Riyadh. With a focus on increasing local spending rates, job opportunities, and technological advancements, SAR aims to further develop the railway sector. CEO Dr. Bashar Al-Malik highlighted the company's achievements, including a significant increase in local spending and job localization rates. Emphasizing the importance of environmentally friendly transportation, SAR has been actively involved in initiatives like hydrogen train experiments and the operation of fast electric trains that contribute to reducing harmful emissions. Al-Malik also emphasized the strategic role of railways in facilitating global trade, especially amidst geopolitical challenges, showcasing Saudi Arabia's readiness to transport goods efficiently. Projects like the Land Bridge and Gulf Linkage Project are expected to enhance the country's role as a global logistics platform. Through these efforts, SAR aims to align with Vision 2030 and bolster the Kingdom's position as a key player in the global transportation and logistics industry.
Topics
Rail
Transportation
Economic Development
Environmental Sustainability
Logistics
Railway Industry
Localization
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