The construction of rail infrastructure is expensive, and the GCC’s macroeconomic climate – recast by the post-2014 oil price decline – has brought the progress of planned projects, and the prioritisation of new developments, into question.
Demand in Dubai’s industrial market remained buoyant in the first six months of 2016, with occupiers moving and expanding their operations in greater numbers towards Dubai South.
The GCC Railway Network will go ahead, despite predictions that the project will be delayed, says John Lesniewski, chief commercial officer of Oman Rail.
An integrated wholesale hub, worth US $8.1bn (AED30bn), has been launched in Dubai.
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