Middle East development

The nations of the Gulf Cooperation Council (GCC) look set to invest a healthy US$18 billion in road projects between 2011 and 2020. The road projects are expected to improve connections between Kuwait, Oman, Saudi Arabia, Qatar and the UAE.
April 27, 2012 Read time: 1 min
The nations of the 5329 Gulf Cooperation Council (GCC) look set to invest a healthy US$18 billion in road projects between 2011 and 2020. The road projects are expected to improve connections between Kuwait, Oman, Saudi Arabia, Qatar and the UAE. The prediction for the scale of this highway spending in the region comes according to the Kuwait Financial Centre or 5330 Markaz.

For more information on companies in this article

Related Content

  • Saudi Arabia’s growth and infrastructure investment
    August 28, 2013
    Of all the fast-growing economies of the Arabian Gulf region, Saudi Arabia is by far the largest in terms of population and gross national product. Due to rising oil prices and increased foreign investments, Saudi Arabia's national economy has grown exponentially over the last ten years - having doubled in size since 2002 to $481.6bn. With a surface area of 2,150,000km2 (roughly equivalent to one quarter of the surface area of the continental United States), Saudi Arabia has a much greater need for high
    Read More
  • Saudi Arabia’s growth and infrastructure investment
    August 28, 2013
    Of all the fast-growing economies of the Arabian Gulf region, Saudi Arabia is by far the largest in terms of population and gross national product. Due to rising oil prices and increased foreign investments, Saudi Arabia's national economy has grown exponentially over the last ten years - having doubled in size since 2002 to $481.6bn. With a surface area of 2,150,000km2 (roughly equivalent to one quarter of the surface area of the continental United States), Saudi Arabia has a much greater need for high
    Read More
  • Middle East financing for Moscow’s new toll route
    June 12, 2018
    Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores
    Read More
  • Asian bitumen producers look overseas for business opportunities
    March 4, 2015
    While demand in some parts of Asia is strong, other countries such as China have been suffering from oversupply - World Highways reported from the Argus Asia-Pacific and Middle East Bitumen Conference in Singapore. Asia overtook the Americas as the world’s largest consumer of bitumen in 2012, with China accounting for the lion’s share – nearly two-thirds – of consumption. However, attendees at the Argus Asia-Pacific and Middle East Bitumen Conference held in Singapore on 24th-26th September last year heard
    Read More

Highlighted Content