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Thu 7 Feb 2013 10:46 AM

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Qatar rail to provide $38bn worth of work

Upcoming rail network will provide billions in investment opportunities - CEO

Qatar rail to provide $38bn worth of work
Workers install the first track of the new French high speed train (TGV) Lyon-Strasbourg line in Les Magny, eastern France, on June 29, 2009. The line will be opened in 2011. AFP PHOTO SEBASTIEN BOZON (Photo credit should read SEBASTIEN BOZON/AFP/Getty Images)

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.

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Adam 6 years ago

The correct steel consumption estimate is 800,000 tonnes, not 8 billion tons. The entire world only produces 1.5 billion tonnes/year

RIhan 6 years ago

no where is it written 8 billion tonnes