Railway projects worth $106.2bn underway in Gulf
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The GCC countries are forging ahead with railway projects worth $106.2bn, new research has revealed in the build up to next month’s CityBuild Construction Summit in Abu Dhabi. Saudi Arabia leads the way with a total of 23 projects valued at $25.6bn, including the $6bn Makkah-Madina Railway Link, which is currently under tender for construction.In the UAE, eight railway projects valued at $20.6bn are in the pipeline including the $11bn Emirates Railway Project, with construction starting in the middle of this year.Qatar is also investing heavily in its transport infrastructure in preparation for the 2022 FIFA World Cup. The $25bn Qatar National Rail Scheme will link to the GCC Railway network – the $30bn, 2,200 km system that will connect all six GCC states by 2017.Other major regional railway development also under way include Kuwait’s National Rail Road Network and Metro System worth a combined $17bn, Oman’s National Freight and Passenger Railway valued at $10bn, and Bahrain’s Rapid Transport Network at an estimated$8bn.The figures have been released by market research specialist Ventures Middle East ahead of the CityBuild Construction Summit, which takes place from April 17 to 20 at Abu Dhabi National Exhibition Centre (ADNEC).”The rail and transit market has never been stronger in the Middle East,” said Tom Topolski, vice president of transportation Middle East for AECOM, one of the summit speakers. “The rapid industrialisation of the region has created significant freight rail opportunities.”
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