Monday, 23 November 2009

Qatar eyes 2022 for key links in $23 bln rail deal

Qatar aims to have most of a 17 billion euro ($22.79 billion) rail project with Deutsche Bahn built by 2022, officials said on Sunday after signing one of the biggest-ever foreign deals for German industry.

Construction will run until 2026 on the project, which includes freight and passenger trains and a metro. Qatar also aims to build a connection to neighbouring Saudi Arabia via a 40-kilometer causeway, one of the world's longest, to Bahrain. [ID:nGEE5AL07P]

Qatar is the world's biggest exporter of liquefied natural gas with economic growth expected around 9 percent this year and is spending hundreds of billions of dollars on infrastructure, real estate and economic diversification projects.

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