Sep 23 2012
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GCC spending on road and bridge infrastructure to reach US$121.3 billion
Gulf Traffic turns Abu Dhabi spotlight on booming regional transport sector; UAE earmarks US$58 billion on current and future projects
Nearly half of the regional spend is concentrated in the UAE, which has US$58 billion worth of road and bridge projects planned or underway, while Saudi Arabia is the next largest spender, pledging US$26.9 billion to upgrade the country's transport infrastructure over the next five years.
In Qatar, US$17 billion worth of road projects are now in cruise control, as it prepares its expansive transport network ahead of the Football World Cup in 2022, while Kuwait underlines its position as one of the most active markets for road projects in the next two years, with US$9 billion of schemes in the pipeline.
Highlighting enormous business opportunities for the regional traffic sector, the latest figures have been collated by Informa Exhibitions, organisers of Gulf Traffic, taking place from 19-21 November at Abu Dhabi National Exhibition Centre (ADNEC).
Richard Pavitt, Exhibition Director for Gulf Traffic said: "In line with a combined vision to improve road infrastructure and safety, GCC governments have outlined impressive plans to significantly boost investments in developing their road networks."
"Road infrastructure development in the region will continue unabated, as governments set out to improve road safety and reduce congestion. Gulf Traffic provides the ideal platform to showcase the latest trends and technologies that will propel the region to the forefront of road, rail, parking and public transport sectors globally.
Now in its seventh edition, Gulf Traffic is endorsed by the Chartered Institution of Highways and Transportation (CIHT), and is supported by the Abu Dhabi Police, Saaed, the Law Respect Culture Bureau, and ITS Arab.
The three-day exhibition features the Gulf Traffic Conference, addressing key traffic and transportation issues facing the Gulf region today, bringing together regional and international experts debating the latest strategies and technology in road safety and congestion management.
Gulf Traffic attracts more than 3,000 transport industry professionals and government agencies from across the Middle East. For more information or to register as a sponsor, delegate or visitor, go to: www.gulftraffic.com or call +9714 336 5161.
Gulf Traffic is organised by Informa Exhibitions (www.informa.com), the largest publicly owned organiser of conferences and courses in the world with more than 10,000 events annually. In the Middle East, Informa has a portfolio of more than 40 large scale events and conferences, making it the largest trade and consumer event organiser in the region
© Press Release 2012
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