Middle East’s rail spending surge is a speeding trainOctober 5th, 2011 by Simon Haddock
With a vast pipeline of Infrastructure projects planned for the Middle East region, it is clear that governments are aware of the importance of investing in efficient transport networks.
The planned spend is truly staggering with US$100bn+ being reported as the figure that will be invested. With projected growth of 22% between now and 2015 expected for the Middle East and Africa region, you can clearly see the impact that these planned expansions will have.
Some projects are already underway or being planned such as the high profile GCC Rail Network (US$25bn), Etihad Railway project (US$11bn) and the Haramain high-speed link (US$7bn) with almost every company in the Middle East have announced massive infrastructure projects.
Additionally, the award of major sporting events such as the Fifa World Cup along with the GCC rail schemes fuel the sudden need for improved infrastructure and ensure that improved economic performance is achieved.
There are challenges though, such as the effects of economic instability and the availability of finances but interest will grow on the Middle East and key stakeholders will be keeping a close eye on projects to see if they meet their goals.
Overall, the pipeline is as strong as ever and these future rail Infrastructure projects will assist in the growth of these regions as their populations and economies expand in the years to come.