GCC to finance $121.3 billion in transport infrastructure

Home  /  GCC to finance $121.3 billion in transport infrastructure

The GCC will finance $121.3 billion in expanding its land transportation infrastructure.

GCC to finance $121.3 billion in transport infrastructure

GCC to finance $121.3 billion in transport infrastructure

Main road and bridge projects are already in progress, or in the designing phase, in a number of the Gulf nations, with the UAE investing greatly in multimodal transportation.

A current report says that a number of the GCC nations are heavily investing in to their road and rail infrastructure. The largest of the regional investment comes from Saudi Arabia, where in 2013 the government revealed a plan to spend $77 billion for expansions to railways, bridges and roads.

Road infrastructure was the second-largest kind within the Kuwaiti infrastructure construction market, with a 32.2% share of the value in 2012. The total number of vehicles on the street climbed from 1 million in 2012 to 1.7 million in 2013, signifying the necessity for more roads, and the category is expected to record a forecast-period CAGR of 4.8% to value $2.1 billion in 2017.

Road infrastructure in Qatar was the second-largest category in the infrastructure construction market during the review period and valued $1 billion in 2012. It is projected to record a forecast-period CAGR of 2.1% to value $1.1 billion in 2017.

The Road and Transport Authority in the United Arab Emirates have lately revealed 35 mega projects to be rolled out by 2020, as well as the extension of the Red Line of the Dubai Metro, improving roads and junctions surrounding and leading to the Expo site, and sourcing 39 additional trains up to 2020 in order to enhance passenger services.

The 2014 Gulf Traffic Exhibition & Conference, which will be on 8-10 December, 2014, at the Dubai International Exhibition Centre, will provide a proposal to focus on multimodality within cities, including interconnectivity, mass transit systems integrating with conventional highways, advanced technologies and methods to keep the roads safe.

With the Dubai Metro just celebrating five years in operation, several bus itineraries in action all over the country, a new tram service almost done, new water taxi services, more metro lines designed and the pan-GCC Railway, public transportation has taken massive paces forward and this looks set to persist. Expo 2020 in Dubai, the FIFA 2022 World Cup in Qatar and the organic development in the Middle East, has meant a sustained confidence on low-cost mass-transit systems.

The 2014 Gulf Traffic Exhibition & Conference will bring together leaders in the rail, road, public transport and parking industries from across the world. The exhibition will include a host of global suppliers showcasing new developments and technologies, recommending business insight and modern solutions.

Mohamed Dekkak