Roads and railways projects in the GCC countries are witnessing unprecedented intensified investments, while accounting for the largest share of the government spending, says a report.
Real estate firm Mazaya Holding says in its report that plans and projects related to the transport sector were not changed, postponed or cancelled, reports Saudi-based Al-Hayat.
According to the report, the cost of the railway linkage project between the GCC states will exceed $20 billion. The project represents an important addition to the transport system in the region and is also part of the long-term development plans aimed at achieving integration and compatibility between the countries in the region.
It is also aimed at reducing the effects of road transport on the environment to achieve the concepts of sustainability, taking into account the importance of the transport and rail links in facilitating trade and economic revitalization at the level of countries in the region and the world.
In UAE, Dubai is preparing to extend the Red Line of Dubai Metro by 15km to reach the Expo 2020 site.
Saudi Arabia spent more than $90bn on this sector and has plans for five metro projects, buses and thousands of kilometers of railway networks during the next ten years in major cities of the kingdom.
AMEinfo
8 July
