As a result, demand forecast results indicate a ~2.1% CARG (’23-’35) reaching up to 5.8 Mn pax/year in 2035 in the base case scenario. COVID-19 recovery is positively following key macroeconomic projections and ridership should return to pre-COVID levels in 2023. Following a drop in ridership, mostly due to increased low-cost aviation competition and Saudization Laws affecting families of expat works in the Kingdom, the market looks promising. Saudi Arabia’s ICB passenger demand is expected to grow significantly over the next years. The proposed network has 20 core stations in all regions and governorates of the Kingdom, covering key domestic and international urban passenger and cargo hubs.įigure 1.
It is expected to cover more than 200 cities, towns and villages, averaging more than 400 trips per day and more than 200 million bus-km per year. In order to account for network diversity and land span, the ICB Concessions were structured in 3 different areas, (North, North-West and South) with a total of 76 routes. Climate is also diverse, with temperatures reaching up to 45 oC/110 oF in summer and close to or below 0 oC/32 oF in some regions of the country. Saudi is the 13 th largest country in the world, with over 2.1 Mn km 2 of total area in a vast geography, ranging from mountains, forests and deserts. The Intercity Bus Services (ICB) has been defined to provide services across Saudi Arabia’s large are and diverse geography. As Saudi Arabia advances towards improved public transport across all travel modes, the liberalization of the Intercity Bus Market project is expected to further boost land mobility, paving the way for an affordable, safe and reliable means of transportation. KSA’s strategic transportation framework –under the National Transportation and Logistics Strategy and Vision 2030 programs–, is expected to create business opportunities and operational synergies in different sectors and industries. Saudi Arabia-s Transport Sector and Concessions’ key figures In this context, under a Ministerial Resolution (Council of Ministers Resolution 664), a PPP model has been proposed, studied and launched to the market with the objective of awarding three concession for the investment and operation of the network during 10 years (plus a 2 potential extension) through a net cost contract model.
Bus the process 3 professional#
The main objectives of the liberalization process include: The TGA seeks to procure best in class intercity bus services’ providers targeting operational excellence, while increasing the safety standards and providing a very effective travel, not only for locations with very high demand that have been previously served, but also for other locations to ensure the all-inclusive provision of the services for all residents, tourists and beneficiaries in the Kingdom. The Transport General Authority is leading the liberalization of the market in KSA targeting to serve all the kingdom with the best class services. The intercity bus services in the Kingdom of Saudi Arabia have been served by a single operator since 1979.
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