Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
UAE's transport projects' value reaches $87 billion in H1 2017
 
The number of active transport projects exceeds 481 in June 2017, according to BNC Network
 
News Announcements:
  1. As many as 481 transport projects are currently being executed in the UAE
  2. The total value of these projects hit US$87.6 billion (Dh321.49 bn) in June 2017
  3. The value of 364 road projects reached US$36.5 billion in the UAE
  4. There are 39 on going rail projects, with a value of US$33.9 billion
Dubai, UAE, July 30, 2017:  The total value of 481 active transport projects exceeded AED 321.49 billion (US$87.6 billion) in the first half of 2017, according to BNC Network, – the largest and most comprehensive construction intelligence service in the Middle East and North Africa (MENA) region.
 
Of these, 364 projects with a combined value of US$36.5 billion are road projects while 39 projects with a value of US$33.9 billion are rail projects.
 
The transport sector consists of aviation, marine, rail and road while active projects refer to projects in concept, design, tender, under construction and on hold.
 
“With Expo 2020 nearing, the UAE government is fast-tracking all important road and rail projects to ensure smooth transportation of goods and traffic ahead of the mega global event,” Avin Gidwani, Chief Executive Officer of BNC Network, says. “Completion of all the transport projects is crucial to the success of the Expo 2020 project, and will support the country’s bids for more such global events in future.”
 
Of these, 218 projects worth US$20 billion are under construction, 92 projects worth US$29.7 billion in the pipeline, and 110 projects worth US$32.7 billion are on hold.
 
As per the latest BNC Intelligence report, the transport sector constitutes 4 per cent of all active projects in the UAE and these projects account for 11 per cent of the total estimated value of projects across all sectors in the country.
 
Four transport projects with a combined estimated value of US$274.6 million moved to construction from other stages during the month of June 2017.
 
“As we move forward, we expect more road and infrastructure projects to be brought under construction for them to be completed on time by mid-2020,” Gidwani says. “Infrastructure and connectivity has always remained the unique selling points of Dubai and the UAE and the government will complete the pending projects in time.”

Posted by : Dubai PR Network Editorial Team
Viewed 8119 times
PR Category : Automobile
Posted on : Sunday, July 30, 2017  12:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Federal-Mogul Motorparts strengthens strategic partnership w...
Next Story : SAIC Motor achieves highest ever ranking on the Fortune 500 ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
SOUQ.com to Launch Half a Million Deals for White Friday 2017 [20167-Views]
Give the Gift of Beautiful Hair with SHOW Beauty [16671-Views]
PLAY FOR PEACE, Spread Good Vibes this Christmas [16622-Views]
Roja Parfums ELYSIUM - Now available at Paris Gallery in UAE [16244-Views]
Runway Dubai Wrapped up an inspiring star studded event with iconic designer, Walid Atalla... [14695-Views]
FOREO: Futuristic Gifting Ideas [13420-Views]
Six pairs of Emirati siblings marched together at Skyline's 27th Graduation Ceremony [13396-Views]
Infinix Launches Zero 5 in Dubai in Partnership with Souq.com [10943-Views]
Santa Claus is coming to town on a festive Graham Chronofighter Vintage Nose Art Ltd [10303-Views]
Stylish automatics from CITIZEN made for the special occasion [9955-Views]
Alpha Assured Assistance (AAA) Loyalty Program to ramp up loyalty landscape in the UAE [8186-Views]
Tub Of Butter Celebrates First Birthday with 1 Dhs Coffee [8156-Views]
SOUQ ramps up operations ahead of White Friday Sale [8150-Views]
SAINT HONORE Celebrates the UAE's 46th National Day with a Limited Edition Haussman Quartz [7845-Views]
Experience the best of Korean beauty with Missha [7710-Views]
Make Room for Play and Celebration With IKEA During Dubai Design Week [7454-Views]
Dubai RAK Diabetes Center launches Dhs 1 Diabetes screening for residents [6862-Views]
50 Years of Puma Suede: PUMA Brings It for the Culture With the B-boy Pack [6399-Views]
Dubai Shines as Global Industry Descends on Vod Dubai International Jewellery Show [5813-Views]
Godiva Arabia opens its 17th branch in the UAE [5606-Views]
Premium Beverages Maker Hielo Beverages India Forays into Dubai(UAE) [5594-Views]
H.H. Sheikh Hamdan bin Zayed Al Nahyan Tours the Barakah Nuclear Energy Plant [5228-Views]
Chattels & More returns to Downtown Design showcasing limited edition pieces while KARE ma... [5191-Views]
Dubai Sports Council Championship for Football Academies set for a “bigger and better” sea... [5142-Views]
Toyota goes Xtreme with Land Cruiser, FJ Cruiser and Fortuner [5142-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories