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Regional Prospects

Middle East:

  • The UAE is carrying out projects in Construction and other sectors with total value of approx. AED3.4 trillion ($930 bn)

  • Every country in the region have plans for ambitious rail projects

    • Qatar and Kuwait are spending around $10 billion each;

    • United Arab Emirates is forking out around $20 billion; and

    • Saudi Arabia plans to spend $15 billion to increase the size of its rail network nearly five-fold. “$930bn worth of projects underway in the UAE” Arabian Business, July 24, 2009

“Making tracks: European companies hope to prosper from railway mania in the Middle East” Economist, April 23, 2009

India:

  • Govt intends to spend about US$500 bn on India’s infrastructure in the five years to 2012 Amongst the budget:

    • US$79 billion will be spent on highways and bridges

    • US$65 billion will be spent on railways “India to pour billions into upgrading infrastructure” The Straits Times, July 4, 2009

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