Qatar tops GCC with QR152 billion in rail projects
“Across the GCC as a whole, rail projects worth as much as US$149 billion (QR542 billion) are in the planning or construction stages over the next decade”, according to a recent Zawya report.The report has highlighted the rail projects that include national and inner-city railway systems, some of which will ultimately converge to form part [...]
The report has highlighted the rail projects that include national and inner-city railway systems, some of which will ultimately converge to form part of the ambitious GCC rail project, which will enhance connectivity and freight movement across the bloc and help unification. The region has one of the lowest density rail networks in the world, with just under 34,000 kilometres of track over a landmass of 15 million square km.
As reported in last month’s edition of TheEDGE, the boom in the construction of railway infrastructure is expected to double the track network and create huge opportunities for local and international businesses – from consultancy and design services to track, rolling stock and communication systems.
Qatar Railways Company (Qatar Rail) recently signed contracts worth US$406.4 million (QR1.4 billion) for execution of the first phase of its planned US$36 billion (QR131 billion) metro project. The project is expected to employ more than 20,000 workers during peak construction period. Qatar Rail aims to be an essential part of the urban infrastructure and be recognised as one of the most successful, safe and environment-friendly railway systems across the world.