MENA rail contracts worth US $16-billion to be awarded in 2018
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Rail contracts worth US $16 billion are expected to be awarded in 2018 in the MENA region, according to MEED Rail Report 2018 ahead of the Middle East Rail exhibition.
Middle East Rail is the largest railway industry event across the Middle East, North Africa, South and Central Asian region and will take place on March 12th and 13th at Dubai International Convention Centre.
The show will be held under the patronage of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, UAE and in partnership with the Ministry of Infrastructure Development and the Federal Transport Authority - Land & Maritime.
Middle East Rail recorded 64% repeat exhibitor bookings for 2018 edition, bringing over 290 regional and international railway operators, suppliers and contractors to present their services to potential buyers and nurture professional networks.
Etihad Rail, X Rail, Greenbrier, Virgin Hyperloop, CAF, AECOM, Progress Rail, Department for International Trade, UK, are back in full force to showcase their plans for future railway systems.
“Middle East Rail continues to attract global innovators, decision makers and industry influencers, which clearly demonstrates the show is an unmissable annual gathering to analyse the visions, technologies and partnerships needed to develop efficient railway operations,” said H.E. Dr. Abdulla Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman, Federal Transport Authority - Land & Maritime, UAE.
“We are proud to play a leading role in providing a platform to the industry to identify problems, propose solutions, promote collaboration, develop and harness innovative technology in transportation infrastructure,” he added. “This will also help us build regional railway networks on a par with the highest standards of quality, safety, and efficiency.”
Keeping up with the industry trends and to accommodate increased interest, the show has expanded in scope for the 2018 edition. The organising committee has introduced two new streams that will feature Passenger Information Systems and Transport Ticketing Systems that cater for the needs of modern passengers.
“The railway supply market in the Middle East and North Africa region is expected to grow at over 3% annually for the next four years on the back of several big-ticket projects in the pipeline,” said Jamie Hosie, general manager, Terrapinn Middle East, organiser of the show.
“The UAE has the second largest transport pipeline in the Middle East, with 15 ongoing and upcoming railway projects worth US $13.9 billion as of November 2017,” he added.
“The regional governments are pressing ahead with their domestic rail projects and stalled projects are going to regain momentum. Middle East Rail is the place to be to learn, network and discover new business opportunities.”
Industry experts from Europe, India, Middle East and Asia will share insights on privatisation, digitalisation, modernisation and pioneering the future of Mobility 4.0. throughout two days of keynotes, open discussions and research sharing sessions.