Riyadh must back Landbridge

July 2009
MEED: Middle East Economic Digest;7/3/2009, Vol. 53 Issue 27, p7
The article comments on the uncertainty of the Saudi Landbridge rail project in Saudi Arabia. It is stated that the railway linking Saudi Arabia's Gulf and Red Sea coasts is in danger of losing its prestige due to its uncertainty. Two rounds of bidding have failed to produce a winner and the decline in the credit markets has made the banks' cautious of the deal. It is also stated that the project cannot be allowed to fail and the government must interfere to revive the project.


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