The Minister of Finance and Chairman of the Board of Directors of Public Investment Fund, Dr. Ibrahim bin Abdulaziz Al-Assaf announced today that Saudi Railways Organization (SAR), wholly owned by the Fund, has successfully completed the building of a railway, 1,392 km long, linking phosphate mines with Hazm Al-Jalamid in the northern border areas with manufacturing areas in Ras Al-Zour on the Arab Gulf through the provinces of Jouf, Hail, Qassim and Eastern Province. He also disclosed that the Organization has begun the test operation of the train by transporting the first shipment of phosphate from the mines of Saudi Arabian Mining Company MA'ADEN in Hazm Al-Jalamid and unloading it in Ras Al-Zour. In a press statement on this occasion, the Minister of Finance expressed his thanks to and appreciation of the Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz Al Saud, the Crown Prince and the Second Deputy Premier for their support for this strategic project that enhances the means of transportation and contributes mainly to the exploitation of mineral resources in the Kingdom of Saudi Arabia.
