01 January 2018

The Gulf countries continue to invest in transport projects to diversify the region’s $1.4 trillion economy and prepare for the post-oil era, with the combined value of the 1,424 active transport projects in the region having crossed $392.2 billion in 2017, said a report.

 Of these, 139 projects worth $207.5 billion involve the development of the railway sector – in sections – that will later be interconnected to the GCC railway system and create a region-wide rail network to help accelerate cross-border movement of goods, services and people, according to BNC Network, a leading project research and intelligence provider in the region. However, the highest number of projects – 1,069 – are dedicated to the roads and highways sector, with a combined value of $122.6 billion that will improve and expand the road networks across the region, stated BNC in its latest GCC Construction Analytics report.

 As many as 100 projects with a combined value of $37.4 billion are in the aviation sector, mostly in aviation infrastructure projects.  Around 116 marine projects with a combined estimated value of $24.7 billion will also expand the region’s marine transport sector.

 The GCC’s transport sector constitutes six per cent of all active projects in the region and in dollar terms, accounts for 16 per cent of the total estimated value, the report added. 

• ADFD-funded projects make progress
• BASF now offers BioClad system
• Qatar opens Lusail Expressway project
• Alba’s Line 6 smelter work in full swing
• GE to study power station expansion
• Barr Al Jissah breaks ground on ‘smart homes’
• GCC transport projects value tops $392bn in 2017
• $4.2bn Bahrain refinery deal awarded
• Petrofac wins $808m gas project deal
• Acwa consortium to develop Salalah IWP
• Mazaya to deliver Oman luxury homes in mid-2018
• Msheireb Downtown enters final phase
• Doha to get $274m facelift in five years
• Ford Trucks names Alghanim Auto as dealer
• Sany lands $86m order
• In Brief
• Positive outlook for infrastructure growth
• YBA Kanoo, Hyster mark 57 years of partnership
• Egypt invites bids for two monorail projects

Tags

Bahrain Safety & Security Doors & Windows Eastern Province Industrial Construction Regional News Saudi Focus UAE Focus Events Diary of Events Legally Bound Real Estate Contractors Interiors Tenders Manufacturers & Procurement Editorial Calendar - 2018

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.