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FINANCIAL NEWS
GCC USD61b railway project under construction
01 Sep 2015
(MENAFN) According to Meed Projects, railway and metro projects worth a total of USD61 billion are currently under construction in the Gulf Cooperation Council (GCC) region.
Out of the overall projects, around USD40 billion comprise work on the Doha and Riyadh metro schemes, the online projects tracking services said in a posted statement.
While metro projects in Doha, Dubai, Jeddah, Mecca and Riyadh are pushing ahead rapidly, efforts to develop the ambitious GCC railway track that would link the six states have been sluggish.
“Despite years of talks and planning, we are still no closer to the development of a GCC rail network even though we are just three years away from the official opening date,” director at Meed Projects said.
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