Nigeria and Saudi Arabia lead in road and rail construction in MEA
According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the road and rail construction projects pipeline in the Middle East and Africa stands at US$783.2 billion.
According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the road and rail construction projects pipeline in the Middle East and Africa stands at US$783.2 billion, with Nigeria and Saudi Arabia accounting for the largest shares, with project pipelines valued at US$151.6 billion and US$113.9 billion, respectively.
Based on the projects tracked by the CIC, the railway sector has the highest value pipeline, at US$449.8, with Nigeria taking US$119.3 billion of this value and second highest value project in the sector with the US$59 billion Trans West African Railway. The highest value railways project is claimed by Iraq with its planned US$70 billion National Rail Network Development where progress is stalling due to security and funding issues. There are also plans by the GCC countries of Saudi Arabia, Bahrain, UAE, Kuwait, Oman and Qatar for an integrated GCC rail network which will see US$200 billion spent across the GCC to realize this scheme.
The roads sector is valued at US$124.8 billion with Algeria leading largely due to two massive projects the East-West Highway Development and the Hauts-Plateaux National Highway worth US$13 billion and US$10.2 billion respectively to improve East-West transportation links in the country.
The Middle East has a number of large metro projects in its large cities to improve mass transit with Riyadh, Makkah, Jeddah and Medina in Saudi Arabia, all with high value projects planned or underway. Similarly Cairo is expanding its metro and Lagos, Nigeria, now the largest city in Africa, is constructing or planning a number of metro lines for its growing 20 million population.
Neil Martin, Manager at Timetric’s CIC comments: “The Middle East and Africa although being a varied region is united in high investment in road and railway projects to service its growing populations and increasingly affluent travelling public. Road and rail infrastructure improvement is promoted by governments as a means to stimulate economic growth and as with the GCC rail network in the Middle East, regional schemes are being planned to link up countries which have close trading relationships”.
About this report
This information is taken from the Timetric report: ‘Road and Rail Construction Projects in the Middle East and Africa’. It is based on Timetric’s comprehensive CIC projects database which provides details on over 85,000 projects worldwide.
For more information on this report, please visit www.timetricreports.com/search/construction/
About the Construction Intelligence Center
The Construction Intelligence Center (CIC) is the most comprehensive source of data and analysis on the global construction industry. The Construction Intelligence Center is a product of Timetric, which provides information solutions and technologies that enable organizations to drive business value and manage business risk.
For more information and updates, please visit www.construction-ic.com.
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Source: Company Press Release