Saudi railway passenger traffic more than doubles to 2.2m in Q1 

SAR added that the number of daily trips operated during the holy month exceeded 115, with a commitment rate of more than 97 percent. (Supplied)
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Updated 10 May 2023
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Saudi railway passenger traffic more than doubles to 2.2m in Q1 

RIYADH: Railway passenger traffic more than doubled in the first three months of the year, as Saudi Arabia Railways recorded 104 percent growth in the total number of passengers to 2.22 million, compared to the same period of last year, affirming massive growth in the Kingdom’s transport sector.

The number of journeys on the North, East, and Haramain High-Speed Rail networks reached 8,036 during the first three months of 2023, representing a yearly increase of 54 percent, Saudi Press Agency reported, citing SAR’s latest operational results.  

According to the report, the volume of goods transported on the Kingdom’s railway network reached 5.83 million tons during the first quarter of 2023, up 7 percent from the same quarter of the previous year.  

This comes as the Saudi railway network’s preparedness reached nearly 100 percent during the first three months of 2023.

Earlier in April, SAR revealed that the Kingdom’s Haramain High-Speed Railway carried more than 818,000 passengers over 2,540 journeys during Ramadan, a 265 percent increase over the same period last year.  

SAR added that the number of daily trips operated during the holy month exceeded 115, with a commitment rate of more than 97 percent.

In the same month, SAR also signed a memorandum of understanding with Italy’s Arsenale Group to host the Middle East’s first luxury train.

The MoU came amid the Kingdom’s efforts to boost its tourism sector in line with Vision 2030 goals to diversify its economy away from fossil fuels.

Upon launch of its operations, the network is expected to provide a unique and luxury transport means for domestic tourists and international visitors to explore various attractions in Saudi Arabia.

This falls under the Kingdom’s National Tourism Strategy, which aims to attract 100 million visitors by 2030 and increase the tourism sector’s contribution to the gross domestic product to more than 10 percent. The strategy also eyes creating an additional 1 million job opportunities in the Kingdom.


SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

Updated 58 min 54 sec ago
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SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

RIYADH: SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for €28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe’s major air cargo hubs. 

Under a sale and purchase agreement signed with Aviapartner Belgium NV and Aviapartner Holding NV, SAL will acquire 100 percent of the company’s share capital on a cash-free, debt-free basis, according to a filing on Saudi Exchange. 

The acquisition gives SAL a full operational presence at Liege Airport in Belgium, a key European cargo hub, and is expected to support the company’s long-term growth strategy. 

SAL, which provides cargo handling and logistics services across Saudi airports, has been expanding its service portfolio as the Kingdom invests heavily in aviation and supply-chain infrastructure under Vision 2030. 

In the Tadawul filing, the company stated: “This acquisition supports SAL’s international expansion strategy by establishing an operational footprint at a key European cargo hub, expanding its cargo ground handling and logistics service offerings at international airports, geographically diversifying its revenue streams, and leveraging operational synergies through access to established infrastructure, airline relationships, and a mature operating environment.” 

The deal is strategically significant because Liege Airport has emerged as one of Europe’s most important air cargo hubs and a rapidly expanding gateway for global freight flows. 

The Belgian airport is the fifth-largest cargo airport in Europe and has recorded strong growth in recent years, handling more than 1.3 million tonnes of cargo in 2025 as volumes rose about 14 percent year on year. 

The transaction will be financed through the company’s available cash resources and remains subject to customary closing conditions and regulatory approvals. 

Aviapartner Liege, based in Liege, Belgium, primarily provides ground handling and cargo services. 

Financial disclosures show Aviapartner Liege generated revenues of €24.7 million in 2023, rising to €28.6 million in 2024 before declining to €24.3 million in 2025. 

SAL said it expects the transaction to have a positive long-term impact on its financial performance following completion and consolidation of the acquired company’s financial results.  

The company added that no related parties were involved in the transaction, which was signed on March 4.