The Saudi government has given the green light for a high-speed electric railway that will connect Riyadh to Doha. The cabinet ratified an agreement signed in DecemberThe Saudi government has given the green light for a high-speed electric railway that will connect Riyadh to Doha. The cabinet ratified an agreement signed in December

Green light for high-speed electric rail linking Riyadh to Doha

2026/02/11 15:46
2분 읽기
  • Line to be completed in six years
  • Connection time two hours
  • Saudi scaling back giga-projects

The Saudi government has given the green light for a high-speed electric railway that will connect Riyadh to Doha.

The cabinet ratified an agreement signed in December by Saudi Arabia and Qatar to build the rail link, the state-run Saudi Press Agency reported.

No financial details have been disclosed. 

The railway, covering 785km, will connect the two capitals in two hours. The project is expected to reach completion in six years.

The track will pass through key stations including Hofuf and Dammam, and will link King Salman International Airport, serving Riyadh, with Doha’s Hamad International Airport.

The rail connection is forecast to add SAR115 billion ($30.6 billion) to the GDP of both countries, serve over 10 million passengers annually, and create more than 30,000 direct and indirect jobs, the report said.

The announcement comes as the Saudi flagship giga-project Neom has been officially pushed down the pecking order as the kingdom switched focus to deadline-driven plans such as the 2034 World Cup and Expo 2030, and vital infrastructure links, due to tighter budgets.

Further reading:

  • Neom offers financial guarantees to lure private investors
  • PIF spending cuts slow giga-projects and trigger layoffs
  • Riyadh hopes to entice private sector to landmark projects 

“Some projects may be postponed and others accelerated. And if they are less viable, the projects’ scope may be reduced,” investment minister Khalid Al Falih told a panel at the PIF Private Sector Forum in Riyadh.

The UAE is also preparing to roll out passenger services this year on the multibillion-dollar Etihad Rail network, linking 11 cities with trains carrying up to 400 passengers at speeds of 200 kilometres per hour.

Progress on a fully integrated GCC rail network, scheduled to arrive by 2031, is at various stages. The Hafeet rail line between Oman and the UAE is the only cross-border link under construction, while Kuwait has begun design work on its leg.

시장 기회
Railgun 로고
Railgun 가격(RAIL)
$1.243
$1.243$1.243
-5.54%
USD
Railgun (RAIL) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, service@support.mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

추천 콘텐츠

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
공유하기
BitcoinEthereumNews2025/09/18 01:33
RWA Crypto Projects Gain Momentum with Chainlink, VeChain, and Avalanche Surging in Engagement

RWA Crypto Projects Gain Momentum with Chainlink, VeChain, and Avalanche Surging in Engagement

Phoenix Group published a report on the highest ranking RWA crypto projects on social activity, based on LunarCrush insights. Chainlink leads the rankings.
공유하기
Blockchainreporter2025/09/19 09:00
‘Compromise is in the air’: Ripple CLO signals progress on crypto bill

‘Compromise is in the air’: Ripple CLO signals progress on crypto bill

The post ‘Compromise is in the air’: Ripple CLO signals progress on crypto bill appeared on BitcoinEthereumNews.com. The White House made a second attempt to broker
공유하기
BitcoinEthereumNews2026/02/11 19:31