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MENA has USD156b worth of rail projects in 2012  Join our daily free Newsletter

MENAFN - 26/09/2012

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(MENAFN) Meed Projects, the project tracker, stated that in 2012, there is USD156 billion worth of rail projects planned or in progress in the Middle East and North Africa (MENA) region, reported the Saudi Gazette.

It added that of the amount, around 29 percent are currently being built, while 12.5 percent are being tendered.

Furthermore, the region has earmarked over USD250 billion for investments in different rail projects in the coming 3 years.

The majority of the planned or happening projects are taking place in Iran, with USD34 billion of schemes, followed by Saudi, with USD31 billion.

Each of Kuwait and the UAE has USD14 billion worth of projects (planned or underway), whereas Iraq and Qatar have USD13 billion worth of projects, each.

It is worth noting that the MENA region has one of the world's lowest density rail networks, with just under 34,000km of track over a landmass of 15 million square km.

 






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