GCC plans $60bn railway project |
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RIYADH: A $60 billion railway project to connect Saudi Arabia, Kuwait, Bahrain, Qatar, the UAE and eventually Oman will be on the agenda of the summit of the six-nation Gulf Cooperation Council (GCC)Gulf Cooperation Council (GCC)
heads of state. Custodian of the Two Holy Mosques King Abdullah will head the Kingdom's delegation to the meeting in Kuwait on Dec. 14, said senior officials of the GCCGCC General Secretariat on Tuesday. The railway project is planned for completion by 2017.
The railway will offer transportation connections for GCCGCC that currently relies on trucks, ships and planes which are often more expensive than transportation by rail.
The new system on which construction will begin in 2011 will alleviate much of the financial and logistical burden of land-to-sea travel. One of the major components of the railway proposal will be a 1,300-km line from the Saudi border with Abu Dhabi to Ras Al-Khaimah and Fujairah.
On the political front, the GCCGCC summit has a full agenda. GCCGCC officials contacted by Arab News said that Iran would not be invited to the summit. Moreover, major regional issues, including Palestine, Iraq, Sudan and Somalia in addition to developments in Lebanon following the formation of the Cabinet of Prime Minister Saad Hariri, will be discussed.
The summit will discuss relations with Iran with special reference to the three occupied UAE islands, and the necessity of adopting dialogue to resolve disputes between neighboring countries. The summit will also address the issue of preserving Yemen's unity, security and stability.
The 30th GCCGCC summit will see the inauguration of the GCCGCC power-linkage project. The first phase has been finalized by linking Bahrain with Saudi Arabia, Qatar and Kuwait, the statement said.
The second stage of the mega-project will link the UAE, Oman and the third, the intersection of the two networks.
Another important issue that will be discussed is the creation of a unified currency for Bahrain, Kuwait, Qatar and Saudi Arabia. The GCCGCC's two remaining states -- Oman and the UAE -- have currently opted out of the monetary union. Kuwait's Parliament unanimously ratified the Gulf monetary union pact on Tuesday.
The pact, signed by four GCCGCC members in June, stipulates the establishment of a joint monetary council next year.
GCCGCC Secretary-General Abdul Rahman Al-Attiyah said that Gulf leaders would discuss reports dealing with the joint Gulf market, launched in Doha in December 2007.
Other matters to be addressed include equality, employment of nationals in the teaching and vocational sectors and other regional issues. Topics related to health, family and legislation will also be discussed with the aim of developing a common position in the GCCGCC.
By Ghazanfar Ali Khan
© Arab News 2009
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