Saudi marketUpdated November 8

Makkah’s Wasel Al-Haram gets private funding

The plan is more than a bus fleet: 19 stations and parking facilities across seven corridors are meant to make Makkah’s central area and the Grand Mosque easier to reach, alongside a fleet of 3,200 buses. The General Transport Center, the executive arm of the Royal Commission for Makkah City and the Holy Sites, signed agreements worth SAR 5.664 billion covering three investment groups; the partnership is financed entirely by the private sector. Ridership across the groups is projected at 205 million passengers a year. Over the 7–10-year investment period, the project is estimated to contribute SAR 11–12 billion to GDP and provide 2,800–3,000 local jobs.

1 publisher1 report

Coverage started November 8