THE Royal Commission for Riyadh City (RCRC), in cooperation with the National Centre for Privatisation and PPP (NCP) and Qiddiya Investment Company (QIC), has announced the launch of the expression of interest (EOI) phase for the first stage of the Qiddiya high-speed rail project in Saudi Arabia.
Developed under a public-private partnership (PPP) model, the new 250km/h line will connect King Salman International Airport, the King Abdullah Financial District (KAFD) and Qiddiya City. It is expected to offer an end-to-end journey time of less than 30 minutes.
Qiddiya City is a planned new city and entertainment district that is expected to house 500,000 people. Located in the Tuwaiq mountains, it is around 70km from the airport and 45km from the centre of Riyadh.
Under a second phase, a new line will be built to connect a development known as North Pole, where a new 2000m-high skyscraper is expected to be built, with the New Murabba development, King Salman Park, central Riyadh and Industrial City in the south of Riyadh.
According to officials, the rail project is part of RCRC’s wider strategy to work with private-sector partners to develop major infrastructure projects. It is also intended to support sustainable urban development and contribute to the objectives of Saudi Arabia’s Vision 2030.
Interested companies and investors are invited to register their applications by October 12.
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