Search Site

Trends banner

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Saudi Arabia launches bus transport project linking 200 cities

The project will help in creating over 35,000 direct and indirect jobs. (SPA)
  • The project will have a capacity to accommodate six million passengers annually.
  • It will operate through three international alliances in three concession areas.

RIYADH, SAUDI ARABIA – The Kingdom’s Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser here launched a significant mega bus transport services project aimed at linking 200 cities and provinces.  

The project will have a capacity to accommodate six million passengers annually.

The project operates through three international alliances in three concession areas, utilizing a state-of-the-art fleet of buses equipped with advanced technological features to establish connections across 76 routes within the designated cities and provinces.

The inaugural ceremony, organized by the Transport General Authority (TGA), was attended by a group of ministers, ambassadors and officials from government authorities and private sector companies.

During the ceremony, the minister, who also serves as the chairperson of the board of directors at TGA, highlighted the project’s contribution to creating over 35,000 direct and indirect job opportunities, with an anticipated addition of SAR3.2 billion to the Gross Domestic Product (GDP).

Al-Jasser said that this groundbreaking initiative, designed to improve services for beneficiaries and strengthen private sector partnerships, represents the first foreign investment in this particular field.

He also emphasized the positive impact of the National Transport and Logistics Strategy (NTLS) launched by Saudi Crown Prince Mohammed bin Salman which has been instrumental in fostering growth and reform across all sectors of the transportation and logistics system.