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FINANCIAL NEWS
GCC rail projects’ value stands at over USD240bn
01 Mar 2017
(MENAFN) The value of total GCC rail projects in pipeline reaches at over USD240bn, with USD69bn worth of projects recently under building.
Additionally, in terms of whole spending on rail projects, the kingdom of Saudi Arabia and the UAE remain atop all of the GCC.
Meanwhile, key projects predicted to be given to contractors in KSA market this year are Zulfi- Al Majmaah Passenger Railway, North South Rail- Waad Al Shimal and others.
Moreover, the planned investments of USD30bn in the UAE’s railway networks involve Abu Dhabi Metro and Light Rail, SkyTran Yas Island and others.
MENAFN0103201700450000ID1095276193
MENAFN0103201700450000ID1095276193
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