Saudi Arabia and Turkey ink railway and logistics agreements

Saudi Arabia and Turkey signed memorandums of understanding for cooperation in the railway and logistics sectors, with the goal of establishing a land corridor that directly connects the Gulf to Europe and improving regional and international trade movement. These agreements are part of a strategy that includes rehabilitating railway lines, especially those that have been inactive for 15 years, with an estimated cost of up to $5.5 billion. The aim is to reduce shipping costs and travel time along a route extending from Turkey through Syria and Jordan to the Port of Aqaba on the Red Sea, thereby strengthening the connection between Red Sea ports and Europe.

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