$38bn worth of opportunities for investors: Qatar Rail CEO

February 07, 2013 - 6:41:09 am
DOHA: Qatar Rail CEO Saad Al Muhannadi has said that a report it had commissioned from McKinsey has highlighted $38bn worth of investment opportunities for potential investors in its rail network over a 20-year period.
This covers everything from the supply of some 8 billion tonnes of steel or providing equipment for the huge amount of excavation planned through to contracts for operating trains and the facilities management of stations, ConstructionWeekOnline reported.
Speaking at the Middle East Rail conference in Dubai yesterday, Al Muhannadi said: “Based on the study, there are around 200 opportunities — 75 percent of this is through rail infrastructure like construction and operation maintenance.
A workshop spelling out some of the investment opportunities will be hosted in Qatar later this month “to provide information for all opportunities and to encourage manufacturers to build small and medium industry in Qatar to be associated with our project”, he said.
The Peninsula
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