European Rail Equipment Companies focused in Middle Eastern Railway Market

European Rail Equipment Companies focused in Middle Eastern Railway Market :Thanks to the mammoth railway expansion in the Middle East, a big market opportunity has opened up for leading railway equipment makers in Europe and Asia.

Rough estimates suggest that the ongoing railway projects in the Middle East and North Africa are worth $300 billion. There is big action at the railway front in Dubai, Qatar, Saudi Arbia, Oman and Bahrain, which are the main countries in the Gulf Cooperation Council. Qatar, which is hosting the 2022 FIFA World Cup, is building its prestigious Doha Metro project.

Many GCC states have ambitious urban railway projects in progress. They include Riyadh and Mecca in Saudi Arabia. Many states are also building intercity rail lines such as the one between Riyadh and Dammam. Another line will be running from Qatar’s capital Doha to its border with Saudi Arabia. There is a planned second bridge coming up that will connect Bahrain and Saudi Arabia, to be built at a total cost of $5 billion.

European Players

In all these rail projects, companies from Europe have a special appeal as top suppliers for the region’s railway equipment market in terms of railway cars and facilities. The sector has leading players in Alstom of France and Siemens of Germany. Both have their own consortia to run the contracts for the lines at the Riyadh Metro. Between the two, Alstom is the largest railway contractor in Middle East, if the total value of contracts are taken into account. European consulting companies are also doing good business as many Gulf countries have hired them for conceptualising and planning railway projects.

However, European players are facing some competition from the Chinese players, who entered the fray with competitive prices. The notable gains for the Chinese include, CSR bagging a contract to supply cars for the United Arab Emirates’ Etihad Rail and another Chinese company being signed for a monorail project in Mecca.

European Rail Equipment Companies focused in Middle Eastern Railway Market

We, Net Translation Services Limited, are in your disposal with our experienced translator team of 35 persons specialized in Rail Systems Terminology in English, German, Russian, French languages Please visit website: Nettercume.com.tr for our references.

65 / 1.743