Middle East Railway Sector Investments to Reach USD 200 Bn by 2030, States Kuick Research in New Report Available at MarketPublishers.com30 Mar 2017 • by Natalie Aster
LONDON – The overall length of rail network in region stands at nearly 35,000 km, and it is further anticipated to go beyond 45,000 km by 2030-end with overall investment surpassing USD 200 billion.
Iran, Turkey, Egypt and Saudi Arabia accounted for over 90% of the total rail network of the region in 2016.
Iran, with close to 13,000 km of the length of railway network, is the dominant player in the region’s rail network expansion efforts, with Turkey and Egypt following after with 12,000 km and 9,500 km of the length of railway lines, respectively. Furthermore, moderate-size railway networks are also present in Saudi Arabia, Iraq, Israel, Jordan and Syria, among others. However, in nations such as Qatar, Kuwait, the UAE, Bahrain and Oman rail transport does not exist. These countries rich in hydrocarbon recourses are practically entirely reliant on road transport, mainly owing to the low-priced fossil-fuels and the respective government policies. Smaller rail networks are also present in Israel, Syria, Jordan, Iraq, amid others, although the significance of rail transport in the overall transportation systems is quite high in the greater part of the countries.
Rail transport is part and parcel of the Middle Eastern sustainable growth strategy, which is projected to fuel the market growth going forward. A number of cross-border railway links, encompassing the proposed Gulf Railway (GCC Railway) project, are anticipated to naturally expand the scope of trade amid the countries alongside offering investment opportunities in other sectors.
New research study “Middle East Railway Sector Market & Investment Opportunity Analysis” elaborated by Kuick Research gives all-round insights into the present-day scenario of rail transport in the region at a country-scale. The research publication offers a discussion of the regulatory framework and policies adopted by each of the countries along with the efforts initiated by the different stakeholders to give a boost to the growth and expansion of rail network across the region. A detailed analysis of the drivers and challenges with respect to the Middle Eastern railway sector is also provided.
More new market research reports by this publisher can be found at Kuick Research page.