In progress ... the GCC railway network.

In progress ... the GCC railway network.

GCC rail spending hits $240bn

March 2017

The total value of GCC railway projects in the pipeline stands at more than $240 billion, with $69 billion worth of projects currently under construction, according to a report.

As of January 2017, Saudi Arabia had the highest rail construction project value of 50 per cent, followed by the UAE (18 per cent) and Qatar (17 per cent), according to a report produced by Terrapinn Middle East in collaboration with construction projects tracker Ventures Onsite.

The report was released ahead of Middle East Rail, which will be held this month (March 7 to 8) in Dubai.

Organised by Terrapinn Middle East, the event will see over 200 speakers discuss their experience and insights within the rail industry.

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