Recent statistics from MEED state that that there are now 108 separate railway, metro, monorail, tram and BRT projects under bid, under design or under study in 14 Middle East and North Africa (MENA) countries. More than 50 of them with a combined value of almost US$140 billion are in the GCC.
These new developments will be discussed and debated at the MEED MENA Rail and Metro Summit. The event will showcase opportunities in the MENA region’s US$225 bn rail, metro, tram and bus rapid transit (BRT) capital investment programme to 2030. Scheduled for 29 October 2013, the event will witness participation from nearly 50 speakers representing government and private businesses in the GCC along with over 300 delegates expected.
Saudi Arabia has the greatest potential with projects worth US$50 bn due to be completed by 2025. Rail, metro, tram and BRT projects in Qatar worth more than US$30 bn are scheduled to be finished by 2020, ahead of the Qatar 2022 World Cup Finals. The third biggest rail market is the UAE, where US$27 bn worth of projects is due for completion by 2030.
Philippe Casgrain, vice president for Europe, the Middle East & Africa at Bombardier Transport will open the summit outlining key challenges those involved delivering hundreds of billions of dollars of railway projects face in the Middle East region.