Jeddah-Jazan train link to spur growth

October 10, 2014

Jeddah, Oct 10: Businessmen and officials have welcomed the Saudi Railway Organization’s (SRO) plan to establish a 660-km coastal railway line between Jeddah and Jazan, saying it would boost the two regions’ economic, commercial and social development.

Jeddah-Jazan trainThe SRO recently signed a contract with an engineering consultancy firm to conduct a feasibility study on the project, including its cost, number of passengers, and amount of cargo to be transported.

The firm has completed the first phase of its study, which has taken into consideration the railway line’s designs. The new line will be established parallel to the international coastal highway that serves many major roads and the Jazan Economic City.

Mohammed bin Khaled Al-Suwaiket, SRO's chief, said the plan is to expand the Kingdom’s railway network. “We have drafted a strategic plan for railway expansion spanning 9,900 km and 19 railway lines,” he said.

He said the dual line between Jeddah and southern Jazan would pass Shuaiba, Al-Laith, Madhleef, Qunfudah, Amq, Barak, Qahma, Shuqaiq and Sabya. It would be linked with the landbridge project that connects Riyadh with the Red Sea port city.

Ali bin Mohammed Al-Garni, chairman of Qunfudah Municipal Council, said Saudis have been looking forward to this strategic project for a long time. “It will not only boost economic and industrial development of cities linked by the railway but also cut down on road accidents."

Shaikh Mohammed Rafik, chairman of Gammon Group, which is developing an industrial city in Jazan, said the new railway would encourage more foreign companies to invest in the industrial city, which is expected to draw investment worth SR75 billion and create 100,000 jobs.

“The industrial city will spur Jazan’s economic growth and bring about a face-lift for the region,” said Rafik. “We are now in the process of signing agreements with prominent companies from Canada, China, India, South Africa and Malaysia,” he said.

According to a study, the number of passengers on this route will increase from 1.13 million to 1.95 million by 2025 while cargo flow will jump from 1.8 million to 3.19 million tons.

Emad Al-Subhi, chairman of Al-Laith Municipal Council, stressed the railway’s role in accelerating economic and commercial growth, and providing safe public transport services.

“The project reflects the government’s long-term vision,” said Abdul Rahman Halawani, a Saudi businessman. “We hope the governors of Makkah and Jazan make this dream a reality to accelerate growth,” he said.

Abdullah Hubaily, a member of the Tourism Development Committee, described the railway as the best transport mode for a vast country such as Saudi Arabia. “Infrastructure projects such as railways will attract foreign capital and promote tourism.”

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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January 15,2020

Asia, Jan 15: Iranian Foreign Minister Javad Zarif on Wednesday said that killing of Iranian general Qassem Soleimani showed the ignorance and arrogance of the United States and asserted that Washington looks at things from their perspective and not keeping the interests of the region in mind."The US looks at things from their perspective, not from the perspective of this region. The killing of Qassem Soleimani shows ignorance and arrogance. 430 Indian cities saw protests against killing of Soleimani," Zarif said at an event.

Hitting out at US President Donald Trump and Secretary of State Michael Pompeo, Zarif said that they were the only ones, along with the Islamic State (ISIS) who celebrated the death of Soleimani.

"Who is celebrating Soleimani's killing? President Trump, Pompeo and Daesh (Arabic name of ISIS). You wonder about strange bedfellows?" he said.

Tensions between the US and Iran soared dramatically earlier this month after Washington launched airstrikes at Baghdad International Airport, which killed Soleimani. Tehran retaliated by firing a volley of ballistic missiles at two military bases of US-led coalition forces in Iraq, leading to a strife in the region.

However, Zarif regretted the shooting down of the Ukrainian airline and said it happened because of "tension".

"Nine million people were out in the streets of Iran commemorating Soleimani. You cannot bring out so many people to protest. The shooting down of a plane was a mistake. 180 families are mourning the loss of their dear ones. It happened because of tension," he said.

Asked whether there a chance of a diplomatic solution to the ongoing crisis, Zarif ruled out negotiating with the US.

"Iran is interested in diplomacy. We are not interested in negotiating with the US. US did not keep its commitments under nuclear deal. We had a US deal and the US broke it. If we have a Trump deal, how long will it last?" he said.

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News Network
March 31,2020

Mar 30: the UAE Cabinet approved a series of new initiatives, foremost among which was the automatic extension of residence permits expiring from March 1.

The residence visas would be extended for a renewable period of three months without any fees to ease the economic impact of the Covid-19 crisis on residents, official news agency WAM reported.

The Cabinet has also waived the administrative fines associated with infractions on the services provided by the Federal Authority of Identity and Citizenship, starting April 1 and lasting for a renewable period of three months.

The initiatives also entail granting a temporary license to use digital solutions for remotely notarising and completing judicial transactions.

Government services expiring from March 1 will also be extended from April 1 for a renewable period of three months. The decision applies to all federal government services, including documents, permits, licenses and commercial registers.

The UAE has introduced a slew of initiatives to control the spread of the Covid-19 virus, including the online renewal of driving licences and vehicle’s registration cards.

The country’s telecom regulator, Telecommunications Regulatory Authority (TRA), also issued a directive that no mobile service with expired ID documents will be disconnected or suspended in the UAE.

The UAE has reported a total of 611 Covid-19 infections and five related deaths in the country.

A national sterilisation programme is underway that will continue until Saturday April 4, concluding on the morning of Sunday, April 5.

Carried out daily from 8pm until 6am the following morning, the programme will include the disinfection of private and public facilities.

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