New law expected to increase funding options for rail projects

NULL

A new public private partnership law introduced in Dubai is expected to have a big impact on the rail and metro industry. Traditionally, infrastructure projects for the industry have been financed by the government but this new law will increase the number of available options for funding. Discussions on this were a priority at the 11th MEED Mena Rail and Metro Summit which kicked off today. Ed James, Director of Content and Analyses at MEED projects tells ARN how this new law may affect plans for railways in the GCC.

Listen

More from Business

  • Air Arabia expands RAK network with Moscow route

    Air Arabia has announced the expansion of operations from Ras Al Khaimah with the launch of a new route connecting Ras Al Khaimah International Airport with Moscow Domodedovo International Airport.

  • UAE holds 30% of Middle Eastern cinema market share

    The UAE Media Council has announced that the cinema sector generated AED 517 million in revenue during the first eight months of this year, attracting around 11 million cinema visits.

  • Vietnam says Musk's SpaceX plans $1.5b Starlink investment

    Elon Musk's SpaceX plans to invest $1.5 billion (AED 5.5 billion) in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of its Starlink satellite services there.

  • UAE, New Zealand conclude CEPA negotiations

    The UAE and New Zealand concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), it was announced on Thursday. The deal is expected to unlock economic opportunities for exporters and boost supply chains with one of the latter's most important trading partners in the Middle East.

  • Boeing, striking union to resume contract talks on Friday

    Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant, the union and company said on Wednesday.