QDB spells out value of rail project opportunities

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By CW Staff

Qatar Development Bank (QDB) has said that there is a huge number of business opportunities linked to the Qatar rail project.

The opportunities range from providing infrastructure for tunnel building to running retail stores and other outlets at stations across the new rail network, according to The Peninsula.

Many of the opportunities will be taken by local companies and Qatari entrepreneurs, the paper added.

It said the opportunities relating to project management services equated to around $3.6bn, which includes joint venture deals for phase one of the Doha Metro as well as deals which may involve local partners taking on a greater role during phase 2 of the project.

It also said there was $110m worth of business opportunities for firms providing pre-fabricated tunnel linings for the 80km-long network of metro tunnels building built. More info