Haramain Railway Project Costs $11bn
Saudi Arabia’s Haramain Railway, which is currently under construction and will link Makkah and Madinah with Jeddah, will cost $11.1bn.
The high-speed railway line will initially carry three million pilgrims per year and is being designed to carry more passengers in the future, as passenger numbers are expected to rise to 20 million within the next 25 years.
The 450km Makkah-Madinah rail link is part of a major railway expansion project that includes linking Jeddah with the Riyadh-Dammam railway and North-South railway systems.
A consortium led by Al-Rajhi Group won a SAR6.7bn ($1.7bn) contract for the civil works while Saudi Electricity Company is carrying out the SAR1.83bn ($487.9m) contract to supply power to the project.