Saudi Arabia is preparing to begin work on the first phase of its seventh Riyadh Metro line in 2026, as it accelerates investment in public transport to supportSaudi Arabia is preparing to begin work on the first phase of its seventh Riyadh Metro line in 2026, as it accelerates investment in public transport to support

Riyadh ready to launch metro expansion

2025/12/24 11:56
  • Work to start on first phase of line 7
  • Runs from Diriyah to Qiddiya
  • Will also connect to airport

Saudi Arabia is preparing to begin work on the first phase of its seventh Riyadh Metro line in 2026, as it accelerates investment in public transport to support rapid urban growth and flagship giga-projects.

Line 7 will run from the Diriyah Gate development in the north of the capital to the Qiddiya entertainment project in southwest Riyadh, Saudi minister of media Salman Al Dossary said this week. 

The expansion will build on Riyadh Metro’s position as the world’s largest fully driverless transit system. The metro has carried around 120 million passengers since its 2025 launch, with an on-time performance rate of 99.8 percent, according to Al Dossary.

About 18 percent of Riyadh’s residents – approximately 1.5 million people – already live within a 15-minute walk of a metro station, a study by property consultancy Knight Frank said. 

That compares with 13 percent in Dubai, despite the UAE city operating a metro system for more than 15 years.

Residences in Riyadh now cost around SAR19 ($5) more per square metre for every 100 metres closer they are to a station, the report revealed. 

“The direct correlation between house prices and proximity to metro stations that we found is consistent with the effect seen in other major cities around the world, reinforcing the conclusion that metro accessibility is a key determinant of real estate value,” Harmen de Jong, Knight Frank Mena’s head of consulting, previously told AGBI

Further reading:

  • Investors rush to the right side of Riyadh’s metro tracks
  • ‘Metro premium’ pushes up Riyadh house prices
  • Saudi Arabia giga-projects tracker

Line 7 is expected to extend approximately 65 kilometres and will play an important role in connecting several of Saudi Arabia’s most ambitious developments. 

In addition to linking Diriyah Gate and Qiddiya, the line is planned to connect King Salman Park, the New Murabba downtown development and the expanded King Salman International Airport.

Alstom, the French company that provides rolling stock and systems for four of the six operational metro lines, plans to add another 150 carriages to the 320 already in use.

Market Opportunity
READY Logo
READY Price(READY)
$0.019555
$0.019555$0.019555
+2.08%
USD
READY (READY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum Options Expiry Shows Risks Below $2,900

Ethereum Options Expiry Shows Risks Below $2,900

The post Ethereum Options Expiry Shows Risks Below $2,900 appeared on BitcoinEthereumNews.com. Ether (ETH) has been unable to sustain prices above $3,400 for the
Share
BitcoinEthereumNews2025/12/25 10:24
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Understanding the specific tax exemption proposal's scope, mechanics, and limitations provides foundation for evaluating feasibility and implications. The exemption presumably covers capital gains taxes on cryptocurrency appreciation at state level, though personal income tax and corporate tax treatment requires clarification. Scope questions include whether exemption applies to trading profits, mining income, staking rewards, DeFi yields, NFT sales, and business cryptocurrency revenue.
Share
MEXC NEWS2025/12/25 11:47