Milan, Sha'ban 24, 1436, Jun 11, 2015, SPA -- A public transport trade delegation from the Kingdom of Saudi Arabia, supported by the Saudi Arabian General Investment Authority (SAGIA), today outlined plans for more than US$140bn worth of public transport infrastructure projects in the Kingdom. The projects which are open to public-private partnerships, form part of the country's national transportation expansion program that covers five metro and bus projects, and thousands of kilometers of rail network. The Kingdom's investment opportunities were revealed during the International Association of Public Transport (UITP) World Congress and Exhibition currently taking place in Milan, Italy. Authorities revealed a 10 year expansion program that will see US$ 90bn spent on infrastructure, rolling stock and buses and a US$ 51bn spend on operations. The component market for the metro and rail network is valued at US$ 23bn, while rolling stock and bus manufacturing are estimated to be at US$ 9bn each. President of the Public Transportation Authority, Abdulaziz Al-Ohaly said, "UTIP Milan has not only allowed us to see some of the new developments in public rail industry, but it has also given us the chance to share the exciting new developments in rail projects in the Kingdom that should provide opportunities for all to take part in." Adding to his comments, Al-Ohaly said, "These opportunities have been identified following a royal decree to all government ministries to use government spending initiatives to provide incentives for foreign businesses to localize in Saudi Arabia." --SPA 21:14 LOCAL TIME 18:14 GMT www.spa.gov.sa/w