Wednesday 31 October 2012

MIDEAST MONEY-Gulf railway boom to shape economies, politics - Yahoo! News Maktoob

A century after Lawrence of Arabia cut the Damascus-Medina railway, governments are embarking on plans to restore long-distance rail transport in the region and extend it across the Arabian Peninsula.
Official figures suggest around $100 billion may be spent by the end of this decade laying over 6,000 kilometres (3,750 miles) of track for both national lines and a route linking all the states in the Gulf Cooperation Council: Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain.
The governments face big technical challenges, such as making six national rail systems compatible and building on the shifting sands of remote deserts.
But success could have far-reaching effects on economies in the region, cutting their dependence on expensive road and air travel, boosting trade and even bringing the GCC closer together politically.

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