The rolling sand dunes of the Middle Eastern desert have historically only been negotiated by Bedouin, dromedary and Wilfred Thesiger and, more recently, by the ubiquitous 4x4. In terms of mechanised public transport, much of the Middle East is virtually a blank canvas. However, because of their rapidly growing populations1 and increasingly congested roads, coupled with an increased recognition of the role that quality transport infrastructure has to play in fostering and sustaining economic development, many of the governments in the region are urgently amending their infrastructure development plans to include new rail systems for both passengers and freight.
It is clear that the current economic downturn and the difficulties in sourcing long-tenor project finance is impacting the Middle Eastern projects market....
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