Archive for October, 2014

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    • Qatar Rail Signs MoU With Constructions Company
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    Qatar Rail Signs MoU With Constructions Company

    By on Oct 31, 2014 in Bahrain, Building, Freight, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    Qatar’s rail operator Qatar Rail has signed a Memorandum of Understanding (MoU) with construction materials company Qatar Primary Materials Company (QPMC) for QPMC to supply construction materials for Qatar’s new railway network. QPMC was set up at the request of the Qatari government in 2006 to supply construction materials to construction projects in the country. […]

    Iranian Rasht - Astara Railway to be Financed by Russia
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    Iranian Rasht - Astara Railway to be Financed by Russia

    By on Oct 30, 2014 in Azerbaijan, Freight, Infrastructure, Infrastructure, Investment, Iran, Iraq, Rail, UAE

    Amidst plans to link the caucasus, Iran and Russia by rail, Iran is about to build a railway between Rasht and Iranian Astara, financed by Russia. In turn, Azerbaijan will build a link from the Azerbaijani Astara to Iran’s Astara. This will form a strategic and economic link between Russia, via Azerbaijan’s railway network, into […]

    Ethiopia Lands $865 Million Loan to Pay for New Railway
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    Ethiopia Lands $865 Million Loan to Pay for New Railway

    By on Oct 29, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, Turkey, UAE

    Ethiopia has announced that it has agreed a commercial loan to finance a major part of the National Railway Network of Ethiopia. The USD $865 million loan comes from two groups, a commercial seven year loan of $450 million and $415 million from a Swiss led group. Turkey’s Exim Bank has agreed to pay a […]

    GCC Member States Invest $121bn in Infrastructure
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    GCC Member States Invest $121bn in Infrastructure

    By on Oct 28, 2014 in Bahrain, Infrastructure, Infrastructure, Investment, Oman, Qatar, Rail, Saudi Arabia, UAE

    GCC member states have committed USD $121.3bn into road and rail infrastructure projects this year. This comes as part of a drive to expand their non oil economies but in some cases to prepare for major world events in the coming years, including the 2022 World Cup in Qatar. Saudi Arabia leads the charge by […]

    Riyadh Jeddah Line Tenders to be Awarded Early Next Year
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    Riyadh Jeddah Line Tenders to be Awarded Early Next Year

    By on Oct 24, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    Sources in the Saudi government say that tenders for the 958km double tracked line between Riyadh and Jeddah will be awarded next year. Meanwhile the tenders for the rail links connecting Jubail will be awarded later this year. The long heralded 958km Riyadh - Jeddah line will be entirely funded by the Saudi government. Though […]

    Egypt Rail Use Increases by 52.5%
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    Egypt Rail Use Increases by 52.5%

    By on Oct 22, 2014 in Egypt, Infrastructure, Investment, Passenger Rail, Rail

    Over 15 million passengers used the Egyptian railway network in August, up by 52.5% on the same period last year. Where there was significant regional variation - some areas saw use increase by 200%, this signals a vote of confidence in the national railway system by those who use it. The Egyptian Railway Authority (ERA) […]

    With New Rail Network, Sohar Aims to be the ‘Gateway to the GCC’
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    With New Rail Network, Sohar Aims to be the ‘Gateway to the GCC’

    By on Oct 21, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Iran, Kuwait, Oman, Qatar, Rail, Saudi Arabia, UAE

    In the face of dwindling oil reserves, Oman is aiming at being a logistics hub for the GCC. The new railway network, that begins construction in the next 12 months, will be of core importance to this plan. Omani authorities and businesses are aggressively expanding Sohar Port in an attempt to make it competitive with […]

    Timetable for GCC Railway Network Agreed
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    Timetable for GCC Railway Network Agreed

    By on Oct 20, 2014 in Bahrain, Freight, Infrastructure, Kuwait, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    A timetable for the construction and integration of the GCC Railway Network has been agreed, according to a Kuwaiti official. The timeline will be announced in November. His Eminence Essa Ahmad Al Kandari, Kuwaiti Minister of Municipal Affairs and Communications has said that the timetable had been agreed at the sidelines of a meeting of […]

    Addis Ababa: Djibouti Railway to be Complete by 2016
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    Addis Ababa: Djibouti Railway to be Complete by 2016

    By on Oct 17, 2014 in Djibouti, Freight, Infrastructure, Infrastructure, Investment, Passenger Rail, Rail, Syria, Turkey

    Ethiopian Premier Hailemariam Desalegn has announced that the 1500km Addis Abeba - Djibouti railway line will be completed by 2016. Half of the route, which will enable Ethiopian trade to access global trade routes by sea, is already complete. Two sections are being built by a Turkish and a Chinese firm. The USD $6.5 billion […]

    First Oman Rail Track to be Laid in 2015
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    First Oman Rail Track to be Laid in 2015

    By on Oct 15, 2014 in Bahrain, Infrastructure, Infrastructure, Kuwait, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    The first tracks of the Sohar - Buraimi line will be laid in the third quarter of 2015 according to sources at the Oman Railway Company. The 170 km line will be the first step towards the Sultanate’s ambitious new railway network, which will eventually link ports, cities and to other countries in the GCC. […]

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