Separator

Israel Proposes USD 27 Billion Rail Expansion, Eyes Future Link To Saudi Arabia

Separator

As per Prime Minister Benjamin Netanyahu, Israel will construct a 100 billion shekel ($27 billion) train expansion that will link its rural districts to metropolitan Tel Aviv and may eventually offer overland connections to Saudi Arabia. The declaration came after top American officials visited Saudi Arabia last week to promote the establishment of potential formal ties between the Muslim superpower and Israel.

Netanyahu appeared to avoid addressing the constitutional crisis that has plagued Israel for seven months, damaging its economy and causing Western friends to lose faith in the country's democratic stability as he opened the weekly cabinet meeting. The "One Israel Project," which he claimed as being intended to shorten travel time by rail to the nation's commercial and government centers to two hours or less, was among the infrastructure projects he advocated instead.

Although little progress has been made, the initiative is essentially a resuscitation of a notion that has been championed for years. A similar multibillion shekel project for a national network was approved by the government in 2010, however it was unsuccessful.

"I would like to add that in the future we will also be able to transport cargo by rail from Eilat to our Mediterranean, and will also be able to link Israel by train to Saudi Arabia and the Arabian peninsula," he said in televised remarks.

"On this, too, we are working."

The plan, according to Israel's finance minister, was to complete the high-speed, north-south rail link within the next ten years.

Current Issue

Most Viewed

6 Successful Business Ventures of Cristiano Ronaldo Marcus Low : A Journey Of Passion & Perseverance In The Coffee Industry | CEOInsightsAsia Vendor Is It Possible to Get Minecraft for Free on iOS? Elon Musk and Transformational Leadership Meituan's Drones are soaring in Revolutionizing the Delivery Service in China's Bustling Metropolis 5 Richest Women in Asia in 2024 Jose Luis U Yulo Jr : A Multifaceted Visionary in International Business Leadership | CEOInsightsAsia Vendor Shyam Lal Uttam: A Growth Innovator & Strategic Leader | CEOInsightsAsia Vendor Niyati Kanakia: A New-Age Edupreneur Travelingahead Of Time | CEOInsightsAsia Vendor Mohd. Burhanudin: Transforming The Malaysian Footwear Industry Via Visionary Leadership | CEOInsightsAsia Vendor Top 10 Leaders From South Korea - 2023 Mohammad Puri: Spearheading Innovative Approaches In Oil & Gas Investment And Trading | CEOInsightsAsia Vendor Marta Diaz: A Visionary Leader, Taking Business To The Next Level | CEOInsightsAsia Vendor Jose Mari Banzon: On A Mission To Make Home Ownership Available To Every Filipino | CEOInsightsAsia Vendor CES 1991: Nintendo's Treason Made Sony Rule With PlayStation's Success Jaspal Sidhu: A Passionate Educationist Striving To Make Education More Affordable & Accessible In Southeast Asia Kian Kee Kok: Driving Retail Excellence Through Innovation & Operational Integration | CEOInsightsAsia Vendor Beninder Singh Johl: Pioneering Legal Excellence & Operational Triumphs In A Global Context | CEOInsightsAsia Vendor Timothy John: Architect Of Sustainable Paradigm In Global Transportation | CEOInsightsAsia Vendor Chin Keat Chyuan: Charting Healthcare Frontiers Through Visionary Leadership | CEOInsightsAsia Vendor Josef Victor Chiongbian: A Passionate Hospitality Leader | CEOInsightsAsia Vendor Intel Chip Architect Su Fei Returns to China After 20 Years Catapulting Renewable Energy Sector by Flexing Innovative Muscles Prof. Ts. Shamsul Kamar Abu Samah: Navigating The Skies & Guiding The Future Of Aerospace Excellence | CEOInsightsAsia Vendor Jee Von: Harnessing Growth Potentials For The Brand To Make Every Step Count | CEOInsightsAsia Vendor Datuk Raghu Bathamenadan: Effectively Leading People While Fostering A Positive Work Culture | CEOInsightsAsia Vendor Felix Dan Lopez: Revolutionizing HR Strategies & Nurturing A Culture Of Excellence At Cebu Pacific Air | CEOInsightsAsia Vendor Jimmy Tan: Empowering Change While Catalyzing Growth At Fiamma Holdings Berhadd | CEOInsightsAsia Vendor Sam Loh Chin Hau: Navigating Legal Horizons In Real Estate & Corporate Law | CEOInsightsAsia Vendor Chinese Scientists Build a Mach 4 ‘ACE’ Turbojet Engine



🍪 Do you like Cookies?

We use cookies to ensure you get the best experience on our website. Read more...