FINANCIAL NEWS

Middle East countries to establish USD 118.9b rail projects

08 Feb 2016

(MENAFN) The Middle Eastern & North African nations are planning to start a strong passenger and transport network with 16 main railway projects value USD 352bn.

Accordingly, with recent market situations, it will be a great chance for global rail producers to enter the market, while governments are spreading their resources.

Moreover, Kuwait, KSA, the UAE and Oman will net the hugest windfalls; with logistics predict to contribute 13.6 percent, 12.1 percent, 11.7 percent and 11.7 percent to their economies by 2018.

Middle East Rail has supported change the local rail market through knowledge sharing, educating the market and facilitating influential meetings.

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