27/10/2016 07:24 AST

Railway and metro schemes worth $245 billion are being currently planned in the Middle East and North Africa (Mena) in preparation for mega global events such as the Dubai Expo 2020 and the 2022 FIFA World Cup in Qatar, said experts.

The region is already working on $89 billion worth of projects including the first phase of the Doha Metro which is underway, and the Riyadh Metro project.

Construction work for most packages of the Doha Metro is expected to be completed in 2018, while the $23 billion-Riyadh Metro is expected to be completed in 2020, said the experts ahead of a key industry event.

The 12th edition of Mena Rail and Integrated Transport Summit will be held on November 8 and 9 at the Address Dubai Marina Hotel in Dubai, UAE.

Leading industry experts will discuss the considerable opportunities and challenges that the Middle East and North Africa (Mena) region presents for clients, contractors, consultants and suppliers alike at the key event.

Delivering projects on time and within budget is expected to be the main focus of most rail operators and contractors over the medium-term as global events such as the Dubai Expo 2020 and the 2022 FIFA World Cup draw closer, stated business intelligence platform Meed, the event organiser.

The $2.9 billion contract for the Dubai Metro extension to the Expo 2020 site was awarded in May, with a test run expected to commence in fourth quarter of 2019.

Dubai expects up to 25 million visitors for the Expo 2020 which takes place between October 2020 and April 2021, while Doha expects one million visitors for the 2022 FIFA World Cup, it said.

In addition to these events, the sustained increase in urban population that has resulted in congestion in most cities is the main factor driving metro projects in the region, according to the experts.

Amid the GCC urban population boom, the project developers must work along with key stakeholders such as rail operators and contractors to deliver all transport infrastruture projects on time and within budget, they added.

"The GCC region expects its urban population to increase by 65 million people by 2050," remarked Richard Thompson, the editorial director at Meed.

"This requires a long-term solution in terms of public transportation systems, which would inevitably include a comprehensive rail or metro infrastructure," stated Thompson.

According to him, Dubai has shown a clear example of how a metro infrastructure could serve a city that is aiming to expand continuously and rapidly, and very soon Doha and Riyadh will also reap similar benefits.

Beyond the construction phase, the rail owners and operators are also being urged to focus on integrating the long-term operation and maintenance (O&M) in the overall plan of their rail and metro systems as well as in integrating rail with other modes of public transport systems such as roads and maritime networks in order to optimise efficiency and foster convenience for users, he added.


Trade Arabia

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula