Mubasher: The UAE and Saudi Arabia are among the top 12 markets for infrastructure investment worldwide, with road development projects being among the largest infrastructure investments across the Gulf region according to the latest report ‘Fast Tracking Development: Road Infrastructure in GCC’ released by Orient Planet Research, an Orient Planet Group venture.
Expenditure on road infrastructure has been a major growth factor in the GCC, with governments continue to find these investments as vital factors to social and economic growth, Orient Planet said.
Highlighting the massive investments on road, tunnels, and bridges across the Gulf region amidst oil prices fluctuation in recent years, the report noted that active infrastructure projects in the region have reached $1.14 trillion with roads, highways, and bridges being among the highest number of projects.
Roads development projects are considered the highest number among all infrastructure investment with a total 1,069 road projects in the Gulf area at a combined value of $122.6 billion, according to Orient Planet’s report.
“The GCC countries are among the world’s most ambitious when it comes to developing mega infrastructures, driven by the vision to become a regional powerhouse that will attract investments and further diversify from oil, the Gulf’s major source of income,” the report said.
