Investment

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  • China Plans New Silk Road
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    China Plans New Silk Road

    China has announced plans to invest in railways connecting Europe and the Far East via Middle Eastern countries including Iran, Kyrgyzstan, and Kazakhstan. This will give a cheaper alternative to supplying Europe goods by air and a faster alternative to moving goods by sea. Cargo trains already move between the two regions - notably on […]

    North South Railway a Priority in Iran
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    North South Railway a Priority in Iran

    The Gorgan-Incheh Boroun-Turkmenistan railway linking Kazakhstan with Iran’s Persian Gulf ports is a major priority for IRNA according to the Director General of the North Railway Department Yussef Geran Pasha. The line will carry up to 3 million tonnes of grain via Persian Gulf ports to the rest of the world once complete, a significant […]

    Chinese and Qatari Leaders Meet to Discuss Future Projects
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    Chinese and Qatari Leaders Meet to Discuss Future Projects

    Qatari Emir Tamim bin Hamad Al Thani met Chinese Premier Li Keqiang in Beijing to discuss future cooperation between the two countries in oil exploration and infrastructure. China is a world leading exporter of railway expertise and it is hoped that after the meeting at the Great Hall of the People in Beijing, Qatar railways […]

    EU Bank Considering Feasibility of Lebanese Railway
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    EU Bank Considering Feasibility of Lebanese Railway

    The EU’s European Investment Bank is running a feasibility study into building a railway from Beirut to Tripoli. The results of the feasibility study will be announced in 2016. The Lebanese railway network, which linked the country to the European railway network and Syria, was originally built in the 1890’s but was closed due to […]

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

    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

    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

    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

    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

    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%

    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) […]