GCC railway network to push investments of USD250 billion

GCC-railway_Fanack-GCC-RailwayThe GCC General Secretariat said that the GCC railway network and infrastructure project would provide 10,000 jobs in addition to investments worth USD250 billion. GCC rail network to link all 6 Gulf states by 2018.
Nada Abu Al Samh, a financial analyst at the GCC General Secretariat, said that the establishing of infrastructure is estimated at USD15.4 billion and the network in Kuwait will be connected with the rail network that links all GCC countries and will end at Muscat.
Abu Al Samh, on the sidelines of a seminar organised by the Kuwait Economic Society entitled “Effective Strategies of Projects of Metro and Railways”, said that the total length of the track is estimated at 2,117 kilometres.
The 2,177-km-long GCC rail network, which will link all six Gulf states by rail for the first time, providing an alternative to air or sea travel for both goods and passengers in the region, will be fully operational in 2018.
Abu Dhabi is leading the GCC rail network with its Dh40 billion Etihad Rail project. The 1,200-km line, planned to be completed in 2018, will link major industrial zones, cities and ports in the UAE, and will eventually connect with the GCC railway.


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