News

Riyadh’s KAFD To Launch Driverless Monorail By 2027

Saudi planners envisage smarter, more sustainable public transport as the King Abdullah Financial District monorail moves into gear.

Published

1 year ago

August 27, 2025

Nour Nasir

riyadh's kafd to launch driverless monorail by 2027

Following the construction of the Riyadh Metro, another ambitious transport project is on track for the capital. The King Abdullah Financial District (KAFD) is preparing to add a driverless monorail, designed to improve mobility within one of the city’s most modern business hubs.

Currently in its design stage, the 3.6 km network is expected to be started in late 2025. A consortium including CRRC, CRRC Nanjing Puzhen, and Hassan Allam is driving the project, which was first revealed in October 2023.

Trials are scheduled for early 2027, with public services set to follow later in the year. Once complete, the monorail will be able to move around 3,500 passengers per hour across a circular elevated track. The system will run six two-carriage trains, linking six stations throughout the financial district. Integration with the Riyadh Metro is also planned, making the new line part of a wider mobility ecosystem.

The design emphasizes sustainability and efficiency. Equipped with a fully autonomous driving system, the monorail will reduce congestion inside KAFD while offering quick access between the district’s landmark towers. For the King Abdullah Financial District Development and Management Company (KAFD DMC), the project is positioned as a core part of Vision 2030, supporting Riyadh’s transformation into a global financial and investment hub.

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The success of the Riyadh Metro underlines the importance of affordable, reliable public transport. Since launching in December 2024, the metro has already carried over 100 million riders in under nine months. With punctuality at nearly 99.8% and KAFD emerging as a key interchange, the metro has quickly become central to Riyadh’s new transport network.

The upcoming monorail builds on that momentum, promising a next-generation link that will make navigating the financial district faster, smarter, and more sustainable.

News

Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.

Published

2 days ago

August 27, 2026

Dana Saadeh

visa's return to syria starts with a test and a bank in lebanon

Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.

The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.

Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc

— Tech Magazine (@TechMGZN) August 27, 2026

“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.

Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.

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The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.

Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.