GCC railway network project to create investments of $250 billion


Source:  www.ameinfo.com

The GCC General Secretariat said that the GCC railway network and infrastructure project would provide 10,000 jobs in addition to investments worth $250 billion.

2Nada Abu Al Samh, a financial analyst at the GCC General Secretariat, said that the establishing of infrastructure is estimated at $15.4 billion and the network in Kuwait will be connected with the rail network that links all GCC countries and will end at Muscat, reports UAE-based Aliqtisadi.

Abu Al Samh, on the sidelines of a seminar organised by the Kuwait Economic Society entitled “Effective Strategies of Projects of Metro and Railways”, said that the total length of the track is estimated at 2,117 kilometres.

She noted that the project is an integrated model that will connect all GCC countries under one local network and will be of great economic benefit. More info