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FINANCIAL NEWS
GCC rail projects in pipeline reach USD240bn
06 Feb 2017
(MENAFN) The whole value of GCC railways projects in the pipeline reached more than USD240bn recently, with USD69bn worth of projects currently under construction.
Meanwhile, KSA and the UAE are leading the local growth, while in Jan this year; the kingdom had registered the highest rail construction value of 50 percent.
Moreover, key projects projected to be awarded to contractors in the Saudi market this year are, Zulfi- Al Majmaah Passenger Railway and Waad Al Shimal-Turaif-Al Jouf.
In addition, the planned investments of USD30bn in the UAE’s railway networks involve that of Abu Dhabi Metro and Light Rail.
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