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FINANCIAL NEWS
Middle East to establish transport network at USD 352bn
03 Feb 2016
(MENAFN) Nations in the Middle East and N. Africa intend to establish a strong passenger and transport network with 16 main railway projects value USD 352bn.
Accordingly, it will be good chance for global rail producers to enter the market, while governments are expanding their resources, putting more emphasis on projects.
Moreover, Kuwait, Saudi Arabia, the UAE and Oman will possibly net the biggest windfalls; with logistics predict to contribute 13.6 percent, 12.1 percent, 11.7 percent to their own economies.
Additionally, the project will highlight projects updates, with key government departments, railway operators and construction firms.
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