Saudi Arabia Railways launches new service to link north and east networks 

More than 6 million tons of liquid and solid materials will be transported annually from King Fahd Port. (Supplied)
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Updated 10 October 2022
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Saudi Arabia Railways launches new service to link north and east networks 

RIYADH: Saudi Arabia Railways has launched a railway service linking the north and east networks through Jubail Industrial City.

SAR said the new internal network will serve the industrial facilities in Jubail Industrial City and extends from Sadara Co. in Jubail to King Fahad Industrial Port and Jubail Commercial Port in Jubail.

More than 6 million tons of liquid and solid materials are expected to be transported annually from King Fahd Port, it said. 

In an interview with CNBC Arabia, the CEO said the cost of the railway project is SR2 billion ($532 million).

Bashar AlMalik pointed out that the project will allow all industrial and commercial facilities benefiting from the railway network to reach three ports through the train with great ease and flexibility. 

SAR added that this connection would contribute to providing integrated solutions and complete logistical services by linking the commercial and industrial ports in Dammam and Jubail with the train network.

This happens as the newly launched network aims to reduce carbon emissions from other means of transportation and increase the carrying capacity of the freight train.
 The Public Transport Authority indicated that the new project will displace over 200,000 trucks annually, which will support the logistic sector and preserve the environment and infrastructure, according to Asharq Alawsat.
 In an interview with Alarabiya, the Saudi Minister of Transport said these projects will help in improving the infrastructure in the Kingdom, adding that 450,000 trucks will be removed from the roads to reduce congestion. “We aim to remove one million trucks from the roads through future projects,” Saleh Al-Jasser said.

The minister explained that the national strategy for transport and logistics, with investments exceeding SR500 billion, invloves major projects, including linking the east and west of the Kingdom via railways, as well as the new Riyadh airport project.

On Sunday, the Saudi Ports Authority, known as Mawani, signed two contracts totaling SR642 million to deepen and establish new berths at Jeddah Islamic port.

The two contracts were signed with contractors PC Marine Services and Modern Building Leaders, the latter in a consortium with Huta Hegerfeld Saudia, according to a statement. 

In line with the objectives of the National Transport and Logistics Strategy, this comes as part of the authority’s growth in the maritime transport and logistics industry. 


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.