Qatar-based conglomerate Aamal Company on Tuesday announced it had signed a deal with Argentinian transport infrastructure firm Cometrans Group, to develop the Gulf’s new rail system.

The joint venture, Cometrans Qatar, will also work on the proposed GCC rail system, as well as create a manufacturing facility for the assembly of buses and other industrial vehicles.

Contracts for the multi-billion dollar GCC rail project are set to be awarded by the end of this year with the project fully operational by as early as 2016, it was reported on Monday.

The rail plan, which could cost up to $25bn, has been declared financially feasible by all member states. The rail has a total length of 2,177km with Saudi Arabia (695km) and the UAE (684km) having the longest lines.

0 Responses to “Qatar’s Aamal & Argentinian Cometrans signs JV to target GCC rail projects”

  1. No Comments

Leave a Reply

You must login to post a comment.