More than USD 45B of infrastructure contracts will be awarded to by the end of 2014, which is double the USD 22.6B awarded in 2012, according to a report. The report ‘GCC infrastructure Market 2014’ gives a snapshot of the billions of dollars being spent across the region with a focus on five areas — rail, roads, airports, ports and free trade zones.
The report also calculates that USD 97B of rail contracts are already underway as all six countries work towards the planned 2,117km GCC-wide rail network by 2018.
Source: www.timesofoman.com
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