Rail line to link GCC states needs $15.4b in investment | Economy | Saudi Gazette

Rail line to link GCC states needs $15.4b in investment | Economy | Saudi Gazette:



"The Sultanate of Oman’s Ministry of Transport & Communications, in cooperation with the Cooperation Council for the Arab States of the Gulf – Secretariat General, and member states, organizes the first and official GCC Rail and Metro Conference that will be held on Jan. 11-12, 2015 at the Al Bustan Palace Muscat.
 



The GCC railway project is one of the most ambitious and challenging megaprojects in the world today. The investments projected by the GCC countries are estimated at more than $200 billion over the next 10 years with more than $15.4 billion investment in the GCC rail line to link the member states with an estimated length totaling 2,200 km.
 



The GCC Rail and Metro Conference 2015 – A Vision for Sustainable Development – will be attended by high-ranking government officials from the GCC States’ Ministries of Transport, Trade and Commerce, and Finance, alongside top executives from Etihad Rail, Saudi Railways Organization, Saudi Railway Company, Qatar Rail, and Oman Rail. They will share their progress on project’s development and localization initiatives as well as participation in dynamic panel discussions to address key issues, challenges and opportunities enabling effective private sector participation. This will further strengthen GCC economies by fostering trade and bolstering social integration amongst GCC Member States through improved understanding of localization practices for sustainable growth and development."



'via Blog this'