GCC traffic infrastructure projects hit $109bn
Dubai, September 25, 2013
Ongoing roads and bridges developments across the GCC are valued at $109 billion, according to the most recent figures.
The UAE alone has investments worth $58 billion in the pipeline for roads and bridges, while Saudi Arabia is undertaking infrastructural improvement projects valued at $77 billion that includes roads, bridges and rail, said a report.
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. The combined share of roads and bridges projects in the UAE, Qatar, and Saudi Arabia meanwhile represents more than 75 per cent of the total $109 billion pot.
Oman is securing $14.8 billion on roads, rail and bridges infrastructure in the coming few years, while the Kuwaiti budget for infrastructure works is estimated at $13 billion. Bahrain, meanwhile, also declared earlier in 2013 that it will spend more than $2.5 billion on major road, bridge, and tunnel networks.
These projects will be highlighted at the Gulf Traffic Exhibition and Conference, supported by the Abu Dhabi Police and Saeed, which will take place from December 9 to 11 at the Dubai International Convention and Exhibition Centre.
More than 100 exhibitors from 20 countries involved in the design, building, and maintenance of the GCC’s road, rail, parking and public transport projects will take part in the exhibition.
Richard Pavitt, exhibition director, said: “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.”
Senior-level professionals and government officials will present the latest on road and safety management trends and global implementations of Intelligent Transport Systems (ITS) at the conference.
The Gulf Traffic Awards, which will take place on December 9, will recognise industry leaders and innovators in traffic management, parking, infrastructure, road safety, and green initiatives. - TradeArabia News Service