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Thursday, 24 March 2011

Railway Investment in Gulf Countries on a Rise
March 24, 2011

The countries of the Gulf Cooperation Council (GCC) have invested $106.2bn in recent railway projects, according to new research by Ventures Middle East.
Saudi Arabia tops the list among the GCC countries, with 23 projects worth S$25.6bn, including the $6bn Makkah-Madina Railway Link.
The UAE has implemented eight railway projects worth $20.6bn, which are underway, including the construction of the $11bn Emirates Railway Project, scheduled to begin in mid-2011.
Qatar will invest $25bn in the Qatar National Rail Scheme linking to the GCC Railway network, which is a $30bn project covering a 2,200km line to connect all six GCC countries by 2017.
Other projects include the Kuwait National Rail Road Network and Metro System totalling $17bn, Oman's National Freight and Passenger Railway worth $10bn, and Bahrain's Rapid Transport Network costing $8bn.


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