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Qatar leads GCC rail projects with projects valued at more than $40 billion

Dubai, UAE. 16 September 2012: Qatar’s railway projects are estimated to top all GCC countries, with an estimated US$41.8billion[1] in the pipeline, creating significant country growth, investment and job opportunities for nationals.
Across the GCC as a whole, as much as US$149 billion worth of rail projects are in the planning or construction stages over the next decade, according to the Zawya report commissioned by The Big 5 2012. In fact, among the GCC countries Qatar remains one of the most buoyant in this section, particular with ongoing projects at various stages of development, many of which are scheduled to be ready in time to host the Qatar 2022 FIFA World Cup.

Rail projects include national and inner-city railway systems, some of which will ultimately converge to form part of the ambitious GCC Rail project, which aims to unify the region and enhance connectivity and freight movement.

The project is expected to generate significant employment for GCC nationals, promote social integration and economic development, advance the GCC initiatives on the common market and facilitate trade. It will also support building national railway industries in the GCC member states, alleviate congestion and reduce maintenance costs on roads.
A clear indicator of this impending expansion is the rise in participation from rail related service providers and Qatar-based business at The Big 5, taking place from 5-8 November at Dubai World Trade Centre. The Big 5 is the largest event for the building and construction industry in the Middle East and will host some of Qatar’s key industry players, with a Qatar pavilion and exhibiting companies such as Qatar Steel Company, Qatar Development Bank and Qatar National Aluminum Panel Company.

“With numerous multi-billion projects related to the GCC Rail underway, The Big 5 exhibition offers an ideal platform for global and local companies to tap on new regional business opportunities and benefit from specialised services, product offerings and partnerships,” says event director, Andy White. “This year we have participation from more than 70 countries representing a wide range of sectors from across the building and construction industry, such as infrastructure which encompasses railways, making it easier to source products and network with global suppliers.”
Middle East Concrete, PMV Live and FM Expo will all take place alongside The Big 5 2012. Developed to cater to industry demand, together the events provide buyers with access to products and services from every sector of the industry.

Press Release 2012, Sep 16 2012

http://www.zawya.com