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Saudi Arabia Investing USD77bn in Infrastructure Projects

Middle East : 27 September 2013

Source: Arab News 2013

Saudi Arabia is undertaking infrastructural improvement projects valued at $77 billion that include roads, bridges and rail.

According to the most recent figures, the ongoing roads and bridges developments across the GCC are currently valued at $109 billion.

The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth $58 billion in the pipeline for roads and bridges alone.

According to figures from business advisory and research firm, Ventures Middle East, Qatar has allocated $20 billion for roads and highways and $35 billion for rail network. The combined share of roads and bridges projects in Saudi Arabia, the UAE and Qatar, meanwhile, represent more than 75 percent of the total $109 billion projects in the region.

Oman is securing $14.8 billion on roads, rail and bridges infrastructure in the coming few years, while the Kuwaiti budget for infrastructure works is estimated at $13 billion. Bahrain, meanwhile, declared earlier in 2013 that it will spend more than $2.5 billion on major road, bridge, and tunnel networks.

“The Gulf region has been at the forefront of transport infrastructure developments for several years now, and 2013 marks another big year where dozens of new projects have been announced across the six Gulf states,” says Richard Pavitt, exhibition director for Gulf Traffic. The Gulf Traffic exhibition and conference, taking place from Dec. 9 to 11 at the Dubai International Convention and Exhibition Centre, will discuss more about road, rail, public transport and related projects,” he added.

“More than 3,000 transport industry professionals and government agencies from across the Middle East will attend the event,” he added.

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