King Salman inaugurates Riyadh Metro
27 November 2024
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King Salman Bin Abdulaziz Al-Saud inaugurated the Riyadh Metro on 27 November.
The network spans 176 kilometres across six lines and 85 stations. Four of the stations are iconic stations designed by signature architects.
The metro is part of the Riyadh Public Transport Project, which includes the metro and bus systems. The project aims to relieve traffic congestion. Currently, 90% of trips within the Saudi capital rely on cars.
The $23bn project was scheduled to open six years ago, in 2018, but construction activity on the project slowed in recent years due to disputes over prolongation and the disruption caused by the Covid-19 pandemic.
Arriyadh Development Authority, now the Royal Commission for Riyadh City (RCRC), awarded the main construction packages for the scheme on 28 July 2013.
Completion works
In November 2022, MEED reported that the three contracting consortiums working on the Riyadh Metro scheme had struck deals with the RCRC regarding the completion of the works.
The development was divided into five major design-and-build packages, with lines one and two as a combined package, and the other lines as single packages. Each package also includes the supply of rolling stock.
Spanish firm FCC heads up the consortium known as Fast, while US firm Bechtel leads the BACS consortium. Italian firm Ansaldo STS is the leader of the Arriyadh New Mobility group.
The Fast consortium won lines four, five and six, which are reported to be valued at $7.82bn. The BACS consortium picked up lines one and two for $9.45bn, while Arriyadh New Mobility secured line three for $5.21bn.
More lines
There are plans to expand the metro network. In September, MEED reported that the RCRC was preparing to award the contract for the Riyadh Metro Line 2 extension.
The Line 2 extension is 8.4 kilometres (km), of which 1.3km is elevated and 7.1km is underground. It includes five stations – two elevated and three underground.
It will run from where Line 2 currently ends at King Saud University (KSU) and then travel onward to new stations, namely KSU Medical City, KSU West, Diriyah East, Diriyah Central (where it interchanges with the planned Line 7), and then finally to Diriyah South.
Also in September, the RCRC issued the request for proposal notice to selected firms to design and build Line 7 of the Riyadh Metro project.
The RCRC has given consortiums six months to prepare the bids. The submission deadline is 10 March 2025.
According to sources close to the project, the consortiums planning to bid for the project include:
- Alstom (France) / FCC (Spain) / Freysinnet Contracting (local) / WeBuild (Italy) / Nesma (local)
- Siemens (Germany) / Samsung C+T (South Korea) / Acciona (Spain) / Alayuni (local)
- Hitachi Rail (Japan) / OHLA (Spain) / Daewoo (South Korea) / Hyundai E&C (South Korea) / Almabani (local) / Albawani (local)
- CRRC (China) / Mapa (Turkiye) / Limak (Turkiye)
Spanish consulting firms Typsa and Ayesa, along with US-based Aecom, are the design consultants for the Alstom-led consortium.
Spain-headquartered Idom, South Korea’s Dowha and Switzerland’s Pini are the designers for the Siemens-led team.
Spanish engineering firm Sener is the design consultant for the Hitachi Rail-led group.
The project involves constructing a metro line linking Qiddiya Entertainment City, King Abdullah International Gardens, King Salman Park, Misk City and Diriyah Gate. The total length of the line will be about 65km, of which 47km will be underground and 19km will be elevated.
The line will have 19 stations, 14 of which will be built underground and five overground.
The consultants working on the scheme are France’s Egis and Lebanon-based Dar Al-Handasah, according to regional projects tracker MEED Projects.
In June 2020, a joint venture led by French consultancy Systra won the preliminary design contract for the second phase of Saudi Arabia’s Riyadh Metro.
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War takes a rising toll on Kuwait’s oil sector6 April 2026
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The effective closure of the Strait of Hormuz to shipping has meant that Kuwaiti oil exports have completely stopped, forcing the country to declare force majeure last month.
The inability to export oil has led storage facilities to reach maximum capacity and forced Kuwait to stop production completely at key oil fields.
Resuming production from these assets is not likely to be easy, and production from these fields could take months to ramp up to normal levels even if shipping is allowed to cross the Strait of Hormuz freely.
The blockage in the Strait of Hormuz has also prevented Kuwaitis from importing equipment and materials to carry out maintenance work or projects in the oil and gas sector.
On top of the severe negative impacts caused by the disruption to shipping through the Strait of Hormuz, the country’s energy sector is seeing increasing damage to oil and gas facilities from Iranian strikes.
Over the past few days, a wide range of Kuwaiti oil and gas infrastructure has been hit and damaged.
This includes strikes on Kuwait’s Al-Ahmadi oil refinery, one of the biggest in the Middle East, which was attacked on 5 April, causing fires in a “number of operational units”.
If future operations at the refinery are limited by damage to the facility, it could potentially lead to much lower volumes of refined products being available both on the domestic market and for export.
On 5 April, Iran also struck facilities operated by Petrochemical Industries Company (PIC) and Kuwait National Petroleum Company (KNPC), both subsidiaries of state-owned Kuwait Petroleum Corporation (KPC).
On the same day, the building that houses the headquarters of KPC and the country’s Oil Ministry was also hit, causing a fire.
In a statement released on 5 April, KPC said that assessments of the damage to the office building, as well as to the PIC and KNPC facilities, were ongoing.
If the damage to the PIC and KNPC facilities is significant, it could further reduce Kuwait’s refining capacity and erode the country’s petrochemical production capacity.
This, in turn, would negatively impact the oil and gas sector’s ability to generate future revenues.
As the war continues, it is likely that damage to oil and gas infrastructure will continue to mount, further eroding the country’s ability to return quickly to normal operations.
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Kuwait reports war damage on oil infrastructure6 April 2026
State-owned Kuwait Petroleum Corporation (KPC) has said that some units have sustained significant damage following Iranian strikes on oil and gas infrastructure in recent days.
Strikes hit facilities operated by its subsidiaries Petrochemical Industries Company (PIC) and Kuwait National Petroleum Company (KNPC).
Strikes also hit the offices of KPC and the Oil Ministry, as well as power and water desalination plants.
In a statement released on 5 April, KPC said: “On 5 April, 2026, the oil sector complex located in Shuwaikh, which houses the KPC building and the Ministry of Oil, was attacked by drones, resulting in a fire at the building and significant material damage.
“Several operational facilities belonging to the corporation, both at KNPC [sites] and PIC [sites], were also subjected to similar drone attacks, leading to fires at a number of these facilities, and causing significant material damage.
“Emergency and firefighting teams from the concerned companies, with the support of the General Fire Force, implemented the approved response plans.
“The teams continue to work to control the fires and prevent their spread to adjacent facilities.
“The corporation confirmed, thanks be to God, that no human casualties were recorded as a result of these attacks.”
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He called the attack “reprehensible” and said that Iran used drones to carry it out.
Al-Rifai said that KPC is still assessing damage to the office building and to the PIC and KNPC facilities.
The past few days have seen significant damage dealt to a range of oil and gas infrastructure.
On 3 April, early-morning strikes hit Kuwait’s Al-Ahmadi oil refinery, causing fires in a “number of operational units”.
The strikes on 3 April were the third time that the refinery had been hit since the regional conflict started.
The refining facility is one of the largest in the Middle East and is an important source of refined products for both the domestic market and exports.
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Safety and security matters3 April 2026
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EditorRead the April issue of MEED Business Review
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That reputation has been tested by the missile and drone attacks that began on 28 February. Whether the GCC’s safe haven status has been damaged depends on perspective.
For some, the fact that attacks occurred fundamentally changes how the region is viewed. For others, the ability to absorb a serious shock, respond quickly, and keep daily life and businesses functioning demonstrates resilience.Any assessment of safety is also relative. Many people and businesses that relocate in the GCC do so not only for opportunity, but because of dissatisfaction elsewhere. Common reasons include limited economic prospects, high taxation, distrust in political leadership and concerns about personal safety. Even with the recent conflict, the GCC may still compare favourably for those considering these factors.
There is no doubt that missile and drone attacks are extremely dangerous, and the fear of further incidents can linger. Even if attacks are infrequent, the uncertainty matters. It can influence personal decisions, travel advice, and the cost of insurance and risk management. These perceptions will shape the region’s attractiveness.
Safety concerns vary. In many parts of the world, higher levels of crime are an everyday worry for residents and businesses. For some, the GCC may still feel like the better option, provided the current tensions do not become the new normal.
How this question is answered will play an important role in how the region’s economies perform in the period ahead. If confidence returns quickly and the risk is seen as contained and manageable, investment and hiring will likely rebound faster than many expect. If uncertainty persists or escalates, the road to recovery will be a long one.
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