Egyptian govt pledges LE22 bln stimulus for infrastructure projects
12/09/2013 (AhramOnline - Egypt): Egypt's interim government plans to invest billions of dollars
in infrastructure projects, including housing and transport, to revive the country's battered economy.
The government, which plans to pump some LE22 billion ($3.19 billion) into the economy as part of a stimulus package in the current fiscal year, said in a cabinet statement on Thursday that it expects unemployment to drop to 9 percent by next June through the creation of 800,000 jobs..
Abu Dhabi to invest record $5bn in Russian infrastructure
12/09/2013 (RT - Russia): The UAE will invest up to $5 billion in Russian infrastructure projects in a deal between the Russian Direct Investment Fund (RDIF) and the Abu Dhabi Department of Finance, marking the highest investment to Russia from the Emirates.
RDIF head Kirill Dmitriev and Mohamed bin Zayed Al Nahyan, the commander of the UAE’s army, signed a memorandum of cooperation on Thursday.
New GCC body for $200bn regional railway
12/09/2013 (Arabian Supply Chain - SA): The six-member Gulf Co-operation Council is set to form a new railway authority as it tries to coordinate the ambitious roll-out of the 2200km integrated regional railway project, the Times of Oman reports.
Speaking at the third annual Oman Land Transport Summit, GCC Secretariat-General Ramiz Al Assar was quoted as saying most member states had completed detailed engineering design on the project with a few expected to finish it by the end of this year or early next year
Turkey – an attractive investment destination
12/09/2013 (Business Monitor - UK): Business Monitor has just released its latest findings on Turkey’s infrastructure sector in its newly published Turkey Infrastructure Report.
With Turkey's healthy construction pipeline, complete with numerous high-profile projects within both its infrastructure and residential/non-residential sectors, Business Monitor continues to see long-term strong construction industry growth. However, the short-term outlook has been dented by social unrest and macroeconomic conditions, which have caused Business Monitor’s Country Risk team to downgradeTurkey's economic growth forecast for 2013. Still, .6 percent average year-on-year real growth in Turkish economy over the forecast period far outstrips any developed market in the region, making Turkey an attractive investment destination.
Azerbaijan on path to become regional transportation hub
12/09/2013 (Azerbnews - Azerbaijan): Development of Azerbaijan's transport infrastructure will increase transit traffic and transform the country into the transportation and logistics center of the region, TRACECA (transport corridor Europe - Caucasus - Asia) National Secretary on Azerbaijan Akif Mustafayev told Trend news agency on September 11.
Dubai group eyes $15m Serbia fund JV
US consultants hired for 950km Saudi railway plan
21/09/2013 (Arabian Business.com):US-based Parsons Brinckerhoff has said it will provide project management consulting services for the design and construction of a new rail line between the Red Sea and the Arabian Gulf in Saudi Arabia. The Saudi Landbridge project is a 950km double-track railway connecting Jeddah on the Red Sea—the busiest port in Saudi Arabia and a major gateway for cargo from Europe and North America—with the city of Riyadh...
Market study to assess rail passenger demand
21/09/2012 (Oman Daily Observer - Oman): By Conrad Prabhu — MUSCAT — Oman is participating in a GCC-wide study of the potential uptake of passenger services when the rail-based transportation becomes a reality in the Sultanate, as well as other states connected by a GCC railway network. According to a senior official of Oman’s Ministry of Transport and Communications, the market study will look at ways to attract enough passengers to the rail network in order to achieve the economies of scale necessary to sustain rail-based passenger services when they are eventually rolled out.
Sreedharan alarmed overdelay in railway projects
21/09/2013 (The Times of India - India):NAGPUR: E Sreedharan, a Padma
Vibhushan awardee famous for executing prestigious mega railway projects, has expressed alarm over the slow progress of railway projects in the country.
Addressing the officials of Central Railway and South-East Central Railway (SECR) on Saturday, Sreedharan said that a decision that should be taken in eighteen hours takes eighteen months. "India's infrastructure is in a bad shape and we can't afford such delays. The Konkan Railway and Delhi Metro proves that projects can be completed even before time in this country," he said, pointing out his achievements. He was invited by railway officials to deliver a talk on 'Challenges before government officials in present day scenario'