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)
$0.01993
$0.01993$0.01993
+4.04%
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

The Stunning Crypto Winners For 2025 According To Top VCs

The Stunning Crypto Winners For 2025 According To Top VCs

The post The Stunning Crypto Winners For 2025 According To Top VCs appeared on BitcoinEthereumNews.com. Revealed: The Stunning Crypto Winners For 2025 According
Share
BitcoinEthereumNews2025/12/25 06:56
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
XRP Exchange Reserves On Binance Fall To Six-Month Low: Selling Pressure Is Easing

XRP Exchange Reserves On Binance Fall To Six-Month Low: Selling Pressure Is Easing

The post XRP Exchange Reserves On Binance Fall To Six-Month Low: Selling Pressure Is Easing appeared on BitcoinEthereumNews.com. XRP is testing a critical long-
Share
BitcoinEthereumNews2025/12/25 07:28