Qatar is leading GCC rail boom - study

Qatar's railway projects total $41.8b of $149b GCC rail spending.
Image for illustrative purposes only.
Image for illustrative purposes only.

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Qatar's railway projects are estimated to top all GCC countries, with an estimated $41.8bn in the pipeline, according to new research.

Across the GCC as a whole, as much as $149bn worth of rail projects are in the planning or construction stages over the next decade, according to a Zawya report commissioned by The Big 5 2012.

It said Qatar remains one of the most buoyant for rail, particular with ongoing projects at various stages of development, many of which are scheduled to be ready in time to host the Qatar 2022 FIFA World Cup.

Rail projects include national and inner-city railway systems, some of which will ultimately converge to form part of the ambitious GCC Rail project, which aims to unify the region and enhance connectivity and freight movement.

Qatar's railway projects are estimated to top all GCC countries, with an estimated $41.8bn in the pipeline, according to new research.

Across the GCC as a whole, as much as $149bn worth of rail projects are in the planning or construction stages over the next decade, according to a Zawya report commissioned by The Big 5 2012.

It said Qatar remains one of the most buoyant for rail, particular with ongoing projects at various stages of development, many of which are scheduled to be ready in time to host the Qatar 2022 FIFA World Cup.

Rail projects include national and inner-city railway systems, some of which will ultimately converge to form part of the ambitious GCC Rail project, which aims to unify the region and enhance connectivity and freight movement.

The project is expected to generate significant employment for GCC nationals, promote social integration and economic development, advance the GCC initiatives on the common market and facilitate trade.

The Big 5, which takes place in November, is the largest event for the building and construction industry in the Middle East.

"With numerous multi-billion projects related to the GCC Rail underway, The Big 5 exhibition offers an ideal platform for global and local companies to tap on new regional business opportunities and benefit from specialised services, product offerings and partnerships," said event director Andy White.

"This year we have participation from more than 70 countries representing a wide range of sectors from across the building and construction industry, such as infrastructure which encompasses railways, making it easier to source products and network with global suppliers."

Last year, a report said more than 33,000km of railway lines are planned to be built in the Middle East and North Africa with the region's mainline rail network set to almost double in size.

According to the Mena Rail Report 2011, metro, tram and monorail track lengths will also increase tenfold.

In all, there are plans to build more than 30,000km of mainline routes and more than 3,000km of metro, tram and monorail lines, according to the report by MEED Insight.

A review of rail projects across the Middle East, North Africa and the Levant showed there was more than $250bn of planned investment set out by governments and rail operators.
 

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