Saudi Gazette - GCC at the start of a decade-long railway construction boom – MEED:
"A railway construction boom started this year in the GCC that is set to transform life and work in the region in the coming decade, said business intelligence service MEED.
Launching the MENA Rail and Metro Summit 2013 on Tuesday the Beach Rotana Hotel in Abu Dhabi, MEED said that about $194 billion worth of rail projects are currently planned or underway in the GCC.
MEED said that about $30 billion of major rail project contracts had been awarded in the region so far in 2013 out of total project contract awards of about $108 billion across all sectors making rail the biggest segment of the regions capital projects market in 2013.
“This year has seen a turning point in the regional rail market,” says MEED editorial director Richard Thompson. “Over the past 10 months, we have seen the region’s ambitions to build metro systems and main line rail networks start to become a reality, with more than $30 billion-worth of rail construction contracts awarded so far this year And there is a lot more to come.”"
'via Blog this'
No comments:
Post a Comment