New research shows UAE has $58bn investment planned on roads, bridges alone
Ongoing roads and bridges developments across the GCC are currently valued at $109bn according to latest figures from business advisory and research firm, Ventures Middle East.
The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth $58bn in the pipeline for roads and bridges alone, the research showed.
It added that Saudi Arabia is undertaking infrastructural improvement projects valued at $77bn that includes roads, bridges and rail.
As the host of the 2022 Football World Cup, Qatar leads the 2013 boom with an allocation of $20bn for roads and highways, in addition to a $35bn rail network, a statement said.
The combined share of roads and bridges projects in the UAE, Qatar, and Saudi Arabia represented more than 75 percent of the total $109bn pot, it added.
The research said Oman is securing $14.8bn on roads, rail and bridges infrastructure in the coming few years, while the Kuwaiti budget for infrastructure works is estimated at $13bn.
Bahrain also declared earlier in 2013 that it will spend more than $2.5bn on major road, bridge, and tunnel networks.
The figures come ahead of the Gulf Traffic exhibition and conference, taking place from December 9-11 at the Dubai International Convention and Exhibition Centre.
Supported by Abu Dhabi Police and SAEED, the three-day event will bring together more than 100 exhibitors from 20 countries involved in the design, build, and maintenance of the region's road, rail, parking and public transport projects.
Richard Pavitt, exhibition director for Gulf Traffic, said: "The Gulf region has been at the forefront of transport infrastructure developments for several years now, and 2013 marks another big year, where dozens of new projects have been announced across the six Gulf states."