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FINANCIAL NEWS
Qatar railway offers USD38b worth of business opportunities
07 Feb 2013
(MENAFN) Qatar Rail CEO, Saad Al Muhannadi, stated that over the coming 20 years, the network will be able to provide USD38 billion worth of investment opportunities, reported Arabian Business.
Al Muhannadi said that nearly 200 opportunities will be available in the period, according to a study carried out by global management consulting firm McKinsey.
He added that 75 percent of these business opportunities will be related to rail infrastructure, including construction and operation maintenance.
The emirate’s rail network, scheduled to complete in time for the FIFA 2022 World Cup, will see the investment of USD36 billion.
It is worth noting that some of the business opportunities provided by the network to investors include the supply of around 8 billion tons of steel, in addition to providing equipment for excavation and a contract for operating trains and facilities management of stations.
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