| 12 Jul 2010 |
|
Debut 'GulfRail 2012' to spotlight railway projects worth US$ 108 billion in UAE, Saudi Arabia and Qatar
- Text size
GulfRail 2012, the region's first of its kind exhibition and conference will make its debut at Dubai International Convention & Exhibition Centre from April 17 to 19, 2012. This was announced jointly by Dubai's Al Fajer Information & ServicesAl Fajer Information & Services
along IMAG of Germany, Europoint of Netherlands and Dubai World Trade Center, at a press conference held today (Monday, 12th July, 2010).Following the Dubai MetroDubai Metro, rail projects in GCC have become a point of focus with multi-billion dollar investments being made by each Gulf state. A countrywide $11 billion (Dh40.4bn) railway network in the UAE with 1,500km will be rolled out over the next 7-8 years. Moreover, Abu Dhabi has revealed plans for a new rail network serving the city of Al-Ain in the emirate's Eastern Region. Dubai MetroDubai Metro has completed its first phase with a whopping investment of US $ 6 billion, and another mass transit network with 75 km will carry 1.8 million passengers per day by 2020.
Satish Khanna, General Manager, Al Fajer Information and ServicesAl Fajer Information and Services said that it will be common for a person to travel from Dubai to Jeddah or Abu Dhabi to Doha in few hours, with convenience.
Khanna added: "Abu Dhabi has joined the fray with 131 km metro rail system which is expected to partially start in 2015. Last year, GCC transport ministers approved a feasibility study for the US$ 12 billion GCC railway. Further, on a broader perspective, the network would extend from the GCC to Jordan, Syria and Turkey. The next move would be a more extensive system linking up with systems providing access to Europe and Asia via Turkey."
The Dubai World Trade CentreThe Dubai World Trade Centre
will host the GulfRail show in 2012, which will be a key regional industrial event highlighting the latest information and technologies in Rail and Tunnelling Systems, and will serve as a strategic networking platform for industry experts around the globe. The launch of GulfRail at DWTCDWTC reinforces the robust state of the Emirate's exhibitions industry and is testament to Dubai's position as the gateway to the Region, said Michael Watton, Director Commercial, Venues, Dubai World Trade CentreDubai World Trade Centre.Khanna added: "The key driver of the rail industry for GCC is public-private partnerships. GCC is heading towards creating a reliable, effective and frequent high speed rail network connecting GCC countries. Investment opportunities in intelligent transport systems in the GCC are huge. The rail sector in this region is growing rapidly. Many companies outside the region regard the upcoming rail sector in the Middle East as the most lucrative opportunity to do business."
There are huge upcoming railway projects in Middle East. The GCC's rail sector is a rising sector. In a nutshell, the GCC network will include one rail line of 1,970 km connecting all GCC countries and Qatar via a bridge. The second line of 1,984 km will stretch between Kuwait, Saudi Arabia, the UAE and end in Oman. An effective rail network will fortify the region's position as a major global energy and trading hub.
Harald Müller, CEO, IMAG Internationaler Messe und Ausstellungsdienst GmbH added: "GCC is in need of information about the latest technologies, experiences and expertise in other countries in the world. Also, the region is interested in getting in contact with key players in the international rail and tunnel sector. GulfRail will offer an international sustainable platform for rail and tunnelling experts in the entire world to target the rapidly growing railway industry in the Gulf."
Johan Haarhuis, Managing Director, Europoint B.V. Conference & Exhibitions added: "The overall objective of GulfRail 2012 is to facilitate the establishment of a reliable, effective and frequent high speed rail network connecting GCC countries. The event will mainly focus on investment opportunities and intelligent transport systems. GulfRail 2012 has great potential to be successful in the Middle East region."
Khanna added: "The last five years have seen the announcement of a series of transport projects by various Gulf countries, including railway projects. In order to meet the pressing regional logistics demands, the next 10-15 years will see transport projects worth $ 170 billion. Out of this, 85% will be spent by UAE, Saudi Arabia and Qatar. Precisely over $ 108 billion will be spent in Railway sector alone."
The effective rail network will fortify the region's position as a major global and trading hub. KSA is planning a railway line connecting the Kingdom to Europe. Saudi Arabia is spending $25 billion on its rail network adding 3,900 kms of track through three major projects. Saudi Arabia has already begun work on four different railway projects. Focus will be on 1000 km land-bridge, East-West Railway project, running from Jeddah and Dammam and bridging gap between the Red Sea and Arabian Gulf. The project will consist of two tracks, the first of which will cover 449 km and handle only passengers while the second will stretch over 556 kilometers and will be devoted exclusively to freight. On completion it is estimated to transport more than 300 million passengers per year and one billion tonnes per year. Saudi Rail Organisation recently issued tenders for the first construction contract on the 500 km Haramain high speed rail link between Makkah and Madinah. The $7 billion project is aimed at providing transport for Umrah and Haj pilgrims travelling between the two cities and Jeddah.
Khanna added: "A rail line connecting Saudi Arabia and Europe is not a distant dream. Also, KSA may restore and rebuild the historic Hejaz Railway that linked Damascus and Madina with a narrow-gauge rail line. Bahrain, Kuwait and Oman have already engaged international consultants for studies."
The Sultanate of Oman began plans for the building of national railways to boost the country's infrastructure. Oman appointed consultants to conduct a feasibility study of a 200 km railway network that will begin in Sohar to connect Bikra in north Muscat and then extending to Duqum.
A 1,500 Km railway line costing US$ 14 billion linking Kuwait's border with Iraq, down the Gulf coast to the Omani port of Salah on the southern top of the Arabian Peninsula is on the anvil. Kuwait has put plans of $132 billion model city in the northern part of the country which will include a railing system which is worth US$ 11 billion and it connects Kuwait with the entire GCC region.
A metro light rail network is also planned in Doha. On the other side, Bahrain is planning a US$ 8 billion railway project stretching to 184 km and will include light rail trains, monorails and other transportation systems.
-Ends-
© Press Release 2010
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.