Railway projects in GCC now worth USD 106 billion


Source:  www.steelguru.com

The GCC countries are forging ahead with railway projects worth USD 106.2 billion, new research has revealed in the build up to next month’s CityBuild Construction Summit in Abu Dhabi.

High speed railwaySaudi Arabia leads the way with a total of 23 projects valued at USD 25.6 billion including the USD 6 billion Makkah Madina Railway Link which is currently under tender for construction. In the UAE, 8 railway projects valued at USD 20.6 billion are under way including the USD 11 billion Emirates Railway Project on which construction begins in the middle of this year.

Meanwhile, Qatar is investing heavily in its transport infrastructure in preparation for the 2022 Football World Cup. The USD 25 billion Qatar National Rail Scheme will link to the GCC Railway network the USD 30 billion 2,200 kilometers system that will connect all six GCC states by 2017.

Highlighting enormous opportunities for suppliers of construction products, the latest figures have been released by market research specialists Ventures Middle East ahead of the CityBuild Construction Summit. This runs alongside CityBuild Abu Dhabi, the region’s premier exhibition for construction products, taking place from April 17th to 20th 2011 at Abu Dhabi National Exhibition Centre. The CityBuild Construction Summit welcomes Emirates Steel as a Principal Sponsor.

Other major regional railway development also under way include Kuwait’s National Rail Road Network and Metro System worth a combined USD 17 billion, Oman’s National Freight and Passenger Railway valued at USD 10 billion and Bahrain’s Rapid Transport Network at an estimated USD 8 billion.

Experts set to address the CityBuild Construction Summit will spotlight the growing significance of rail travel in the region and the huge business opportunities available.

Mr Tom Topolski VP of Transportation Middle East for AECOM said that “The rail and transit market has never been stronger in the Middle East. The rapid industrialization of the region has created significant freight rail opportunities.”

AECOM is a global provider of professional technical and management support services and Topolski will pinpoint ways to capitalize on new market opportunities on the second day of the CityBuild Construction Summit. The event features more than 30 speakers, 21 focused conference sessions and four interactive workshops including one hosted by Masdar City.

The opening day of the Summit will feature Leaders in Construction Series’ address by a keynote panel whose members include Ms HE Fatima Al Jaber COO of Al Jaber Group heavy lifting and logistics specialists.

Ms Al Jaber said that railway transportation is a large initiative and an additional sector that presents a huge area of opportunity in the Middle East. The CityBuild Construction Summit brings together leaders shaping the future of the Middle East’s construction industry, drawing attention to new strategies and innovative ideas used to thrive in the construction industry in the Middle East.

By popular demand, CityBuild Abu Dhabi will once again be co located with Cityscape Abu Dhabi and, for the first time, Malaysia Services Exhibition. Cityscape and CityBuild Abu Dhabi which together attract more than 30,000 visitors are under the patronage of His Highness Sheikh Mohammed Bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.