Dubai: According to a Railways Company executive, there is about $38 billion (Dh139.76 billion) worth of potential returns for investors over the next 20 years in rail-related projects in the country.
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The executive quoted was speaking at the Middle East Rail conference, which kicked off yesterday in Dubai. Out of a total 200 rail “business opportunities”, 75 per cent are in railway infrastructure, covering construction and operations maintenance.
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Of those, 23 per cent are in light manufacturing, rail stock and other business development opportunities, said Sa’ad Al Mohannadi, chief executive of Qatar Railways Company. He was citing a study on business opportunities in rail and metro infrastructure by MacKenzie International Consulting, who have been signed on by the company.
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