Rail projects reach $240m in GCC

Mubasher: Investments in railroads in the Middle East, North Africa, and South Asia totalled $642 billion, according to the organizers of the Middle East Rail exhibition, which will be held next March.

The value of projects currently under construction amount to $69 billion, according to the report issued Sunday by Terrapinn, the organizing company of the event.

The volume of rail projects in the GCC area equal $240 billion, led by Saudi Arabia with a 50% share, followed by UAE, and Qatar by 18% and 17% respectively, the report indicated.

Mubasher Contribution Time: 05-Feb-2017 17:45 (GMT)
Mubasher Last Update Time: 05-Feb-2017 17:45 (GMT)