Saudi Arabia and Qatar have inked a historic deal to construct a 785-kilometer high-speed rail line that will connect their capitals, marking a significant step towards regional integration in the Gulf region. The ambitious project is expected to create thousands of jobs, stimulate trade and tourism, and further integrate the wider Gulf Cooperation Council.
According to officials, the railway line is projected to generate 30,000 direct and indirect jobs across both countries, with passenger traffic estimated at over 10 million annually. The high-speed rail will serve as a major transport corridor between Riyadh, Doha, Hofuf, and Dammam, reducing travel times to just two hours, comparable to flight durations.
The economic impact of the project is expected to be substantial, estimated at approximately $30.7 billion. With construction set to commence in the coming years, stakeholders are optimistic about the benefits this railway will bring, including improved mobility, strengthened trade, tourism, and economic integration throughout the Gulf.
This landmark agreement comes as a strategic move to deepen economic, logistical, and diplomatic cooperation between Saudi Arabia and Qatar, two nations that have recently thawed their relations after years of tension. The project is aligned with both countries' Vision 2030 and Qatar National Vision 2030 goals, emphasizing the importance of enhancing global energy markets' reliability, security, and stability.
Construction of the high-speed rail line is expected to take six years to complete, pending specific details on costs, suppliers, and environmental safeguards. With its potential to become a regional hub for trade, tourism, and transportation, this project holds significant promise for Saudi Arabia and Qatar's future economic growth and cooperation in the Gulf region.
According to officials, the railway line is projected to generate 30,000 direct and indirect jobs across both countries, with passenger traffic estimated at over 10 million annually. The high-speed rail will serve as a major transport corridor between Riyadh, Doha, Hofuf, and Dammam, reducing travel times to just two hours, comparable to flight durations.
The economic impact of the project is expected to be substantial, estimated at approximately $30.7 billion. With construction set to commence in the coming years, stakeholders are optimistic about the benefits this railway will bring, including improved mobility, strengthened trade, tourism, and economic integration throughout the Gulf.
This landmark agreement comes as a strategic move to deepen economic, logistical, and diplomatic cooperation between Saudi Arabia and Qatar, two nations that have recently thawed their relations after years of tension. The project is aligned with both countries' Vision 2030 and Qatar National Vision 2030 goals, emphasizing the importance of enhancing global energy markets' reliability, security, and stability.
Construction of the high-speed rail line is expected to take six years to complete, pending specific details on costs, suppliers, and environmental safeguards. With its potential to become a regional hub for trade, tourism, and transportation, this project holds significant promise for Saudi Arabia and Qatar's future economic growth and cooperation in the Gulf region.