The Middle East region is witnessing a strategic and structural transformation in the transport sector. When compared to other modes of transport, railways are the most sustainable, efficient and cost effective. The willingness to invest in the region has considerably increased during the last 5 years when the Gulf countries assigned railway projects amongst its development plans. No matter how late such a fundamental decision was finally taken, it matters the most that it was initiated in order for it to proceed. Railway projects should be carried our unfailingly, regardless its infrastructure’s high cost. This great cost decreased the investment feasibility in this sector, which is in return resulted in the private sector’s hesitation in involvement. Therefore, the government assume the responsibility of bearing the costs of establishing the projects’ infrastructure.
The approach to create and construct new railway projects at this time leaves governments in the region with no choice but to rely on foreign companies assistance in consultancies phase. Although there are companies and consultant offices working with those foreign companies with their experiences developing rapidly, the region still needs more local consultants to better suit to the local environment conditions and requirements, besides local companies its role related to construction, operations and spare-parts’ supply along with all their relevant logistics.
Hence the idea of establishing a company to fulfill this part based on long term plan to benefit from the current and upcoming opportunities in railways sector in the kingdom of Saudi Arabia and region wide. As this phase based approach grants the emerging company the most needed experiences, sustainability and compatibility with the projects plans particularly in the Kingdom and the Gulf region in general.
MASAR is started after having awarded HHR (Harramain High Speed Railway) Project to our affiliated Al-Shoula Group and pleased to introduce Railway Management and Services Company (MASAR) , which is 100% Saudi owned limited liability company affiliated to Al-shoula group owned by HRH Prince Mishaal bin Abdulaziz Al Saud.
The oil reach Kingdom of Saudi Arabia with its fast growing population will remain with no doubt a country with continuous growing infrastructure deman. Together with increasing private investments this will provide opportunities to forge successful long term business partnerships. Cultivating such partnerships together with our strong commitment for further Saudiazation is a permanent goal. The company is established with a greater vision to provide quality services in the fastest growing Railway sector.
Our success in the future as in the past will depend on our commitments to customer satisfaction and on our experienced and highly motivated team!