Roads and bridges projects in Middle East valued at US$109 million

Ahead of December’s Gulf Traffic exhibition in Dubai, the latest figures from Ventures Middle East indicate ongoing roads and bridges projects across the Gulf Co-operation Council (GCC) region are currently valued at US$109 billion. Host of the 2022 Football World Cup, Qatar, leads the way with an allocation of US$20bn for roads and highways, in addition to a US$35bn rail network. The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth
September 30, 2013 Read time: 2 mins
Ahead of December’s 553 Gulf Traffic exhibition in Dubai, the latest figures from Ventures Middle East indicate ongoing roads and bridges projects across the Gulf Co-operation Council (GCC) region are currently valued at US$109 billion.

Host of the 2022 Football World Cup, Qatar, leads the way with an allocation of US$20bn for roads and highways, in addition to a US$35bn rail network.  The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth US$58 billion in the pipeline for roads and bridges alone, the research showed.

It added that Saudi Arabia is undertaking roads, bridges and rail infrastructure improvement projects valued at US$77 billion, while Oman is planning to spend US$14.8 billion on roads, rail and bridges infrastructure in the coming few years, and the Kuwaiti budget for infrastructure works is estimated at US$13 billion.

Bahrain announced earlier in 2013 that it will spend more than US$2.5 billion on major road, bridge, and tunnel networks.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Crossrail project receives US$814 million EIB funding
    December 16, 2013
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
    Read More
  • Telvent rolls out Saudi Arabia’s first smart transportation system
    April 26, 2012
    Telvent GIT has announced the completion of the company’s SmartMobility Road Suite, on King Abdullah Road in Riyadh, Saudi Arabia. Claimed to be the first smart transportation system to be implemented in Saudi Arabia, this solution manages interurban expressway traffic through a centralised platform. It controls and manages the four tunnels and the entire range of field devices in place along the expressway’s six kilometre length, increasing user safety and security and improving infrastructure maintenance.
    Read More
  • Electric vehicles will be a US$731 million market in ten years, say researchers
    March 16, 2017
    The latest IDTechEx Research overview report, Electric Vehicles 2017-2037: Forecasts, Analysis and Opportunities, forecasts that electric vehicles will be a US$731 billion market in 2027, profoundly changing society by 2037. This report provides forecasts in numbers and value for 45 types of electric vehicle across land, water and air. We have taken a bottom up approach in assessing each of these 45 vehicle types. The fact-based number and value ten year forecasts in these 45 categories and the twenty y
    Read More
  • Home based real time travel information drives reduction in car use
    January 20, 2012
    David Crawford investigates a new approach to discouraging car use - the 'kitchen as travel centre'. ITS technology working together with UK planning legislation is driving an innovative 'kitchen as travel centre' approach to home design which is boosting public transport as an alternative to car use. The combination is already proving powerful enough to assuage environmentalist opposition to major urban developments. It is also being seen as a way of delivering wider social and community benefits inside an
    Read More

Highlighted Content