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Qatar signs railway deal with Deutsche Bahn

Dubai, August 27, 2008

Qatar's real estate investment arm said on Wednesday it had signed an initial deal with German railways Deutsche Bahn to plan a multi-billion dollar rail project in the Gulf Arab state.

The partners would develop the conceptual design for integrating Qatar's planned railways into a comprehensive national railway system, Qatar Diar Real Estate Investment Company said in a statement.

Qatar Diar is a unit of sovereign wealth fund Qatar Investment Authority. Qatar is the world's biggest exporter of liquefied natural gas.-Reuters




Tags: Qatar | railway deal | Deutsche Bahn |

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