Business


Oman to spend $14.8b on roads, bridges and rail


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Muscat: The development of ongoing roads and bridges across the Gulf Cooperation Council (GCC) is currently valued at $109 billion, according to the most recent figures from Ventures Middle East, the business advisory and research firm.

Oman is investing $14.8 billion on roads, rail and bridges infrastructure in the coming few years, while the UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth $58 billion in the pipeline for roads and bridges.

As the host of the 2022 Football World Cup, Qatar leads the 2013 boom with an allocation of $20 billion for roads and highways, in addition to a $35 billion rail network, as Saudi Arabia undertakes infrastructural improvement projects valued at $77 billion that includes roads, bridges and rail.

Combined share
The combined share of roads and bridges projects in the UAE, Qatar, and Saudi Arabia represents more than 75 per cent of the total $109 billion pot.

The Kuwaiti budget for roads and bridges infrastructure works is currently estimated at $13 billion. Not to be outdone, Bahrain declared earlier in 2013 that it will spend more than $2.5 billion on major road, bridge, and tunnel networks.

The figures signify good news for the hundreds of transport infrastructure service providers participating at the Gulf Traffic exhibition and conference, taking place from December 9 to 11 2013 at the Dubai International Convention and Exhibition Centre.

"The Gulf region has been at the forefront of transport infrastructure developments for several years now, and 2013 marks another big year, where dozens of new projects have been announced across the six Gulf states," said Richard Pavitt, exhibition director for Gulf Traffic.

"Gulf Traffic will bring together industry leaders from across the globe involved in road, rail, public transport and parking industries. Suppliers will be able to showcase new trends and technologies offering cutting edge insights and industry solutions."

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