Saudi Arabia has invested $106 bln in train, metro projects, says Al-Falih

Saudi Arabia has $106 billion worth of capital investments in train and metro projects, said Saudi minister of oil, Khalid Al-Falih, on the sidelines of the Silk Road Summit for International Cooperation held on Monday in Beijing.

The Saudi railways expansion program is one of the world’s largest infrastructure projects, as it comprises a network of more than 15,000 km, he said.

On the GCC interconnection grid, he said the grid is ready to merge with bigger networks to bring Saudi electricity to Asia, Europe and Africa.

As the Saudi-Egyptian power grid will likely start by 2020, Saudi Arabia agreed with Turkey on preparing a detailed feasibility study for a Saudi-European power grid through Turkey.