By Francesca Astorri
Upcoming rail network will provide billions in investment opportunities - CEO
Qatar's rail network will feature US$38bn investment opportunities for potential investors over the next 20 years, according to the head of the project.
Qatar Rail CEO Saad Al Muhannadi said, based on a study commissioned from McKinsey, that there are around 200 opportunities, 75 percent of which will be based around rail infrastructure like construction and operation maintenance.
Supply of some 800,000 tonnes of steel, providing equipment for the excavation planned, contract for operating trains and facilities management of stations are some of the business opportunities related to the rail network.
Qatar is investing US$36bn in its railway network, which should be completed in time for the FIFA 2022 World Cup, with Phase 1 of Doha Metro scheduled to be operational by the end of 2019.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
The correct steel consumption estimate is 800,000 tonnes, not 8 billion tons. The entire world only produces 1.5 billion tonnes/year
no where is it written 8 billion tonnes