Tuesday, 21 August 2012

For GCC Countries, a Challenge Within Reach: The Gulf Rail Network

With budget surpluses accumulating over the past few years (and trade balance expected to reach around $500 billion in 2012) Gulf Cooperation Council (GCC) countries have multiplied their spending and have been able to use this revenue to boost their economies in contrast with the of the Arab world, which is still piecing itself together in the wake of the uprisings and Arab Spring protests. A significant part of the spending has been allocated to much-needed infrastructure projects. Among these, an ambitious project to construct an approximately 1,200 mile rail route extending from Kuwait to Oman and linking all GCC countries, with the possible inclusion of Yemen in the future.

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