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Gulf’s transport sector spending tops $121bn

ANAMA: The Gulf region is forging ahead with plans to improve its regional transportation infrastructure, with $121.3 billion worth of road and bridge projects already underway or in the planning phase. Nearly half of the regional spending is concentrated in the UAE, which has $58bn worth of road and bridge projects planned or underway, while Saudi Arabia is the next largest spender, pledging $26.9bn to upgrade the country’s transport infrastructure over the next five years.

In Qatar, $17bn worth of road projects are now underway as it prepares its transport network ahead of the Football World Cup in 2022, while Kuwait underlines its position as one of the most active markets for road projects in the next two years, with $9bn of schemes in the pipeline.

Oman and Bahrain round off the regional appetite for road and bridge spending, with $8bn of projects in various stages currently ongoing in Oman, and a further $2bn in Bahrain.

Highlighting enormous business opportunities for the regional traffic sector, the latest figures have been collated by Informa Exhibitions, organisers of Gulf Traffic, taking place from November 19 to 21 at Abu Dhabi National Exhibition Centre.

Held every two years in Abu Dhabi, Gulf Traffic is the only dedicated event for the road, public transport and parking sectors, bringing together more than 100 exhibitors involved in the design, building and maintenance of the region’s road, rail, parking and public transport projects.

“In line with a combined vision to improve road infrastructure and safety, GCC governments have outlined impressive plans to significantly boost investments in developing their road networks,” said Gulf Traffic exhibition director Richard Pavitt.

“Road infrastructure development in the region will continue unabated, as governments set out to improve road safety and reduce congestion.

“Gulf Traffic provides the ideal platform to showcase the latest trends and technologies that will propel the region to the forefront of road, rail, parking and public transport sectors globally.”

The three-day exhibition features the Gulf Traffic Conference, addressing key traffic and transportation issues facing the Gulf region today, bringing together regional and international experts debating the latest strategies and technology in road safety and congestion management.

Gulf Traffic attracts more than 3,000 transport industry professionals and government agencies from across the Middle East.

www.gulf-daily-news, September 24, 2012

http://www.gulf-daily-news.com