Home >> Automobile

UAE's transport projects' value reaches $87 billion in H1 2017

Sunday, July 30, 2017/ Editor -  


Home >> Automobile
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.”

Previous in Automobile

Next in Automobile

Home >> Automobile Section

Latest Press Release


International Golden Group (IGG) announces participation at forthcoming Saudi Na ...

Pegaga Gas Development in Malaysia Approved

Caparol Paints unveils colours for the season

Abdulla Al Ghurair Foundation for Education and Arizona State University Partner ...

Versace Fall/winter 2018 Collection

Spotlight on technological advancements at the 6th International Congress for Jo ...

Built for the Way We Communicate Today: Samsung Galaxy S9 and S9+ Now Available ...

Turkish Airlines launches its direct flights to Aqaba, its 2nd destination to be ...

Dubai Customs celebrates International Day of Happiness and Year of Zayed

In partnership with Emirates and Jumeirah Hotels & Resorts

CERTINA DS Podium GMT Chronometer: Because time knows no borders

International Toyota Dream Car Art Contest sees double the participation rates i ...

Middle East and African fragrance market is expected to reach US$8.5 billion by ...

Mido's Commander Big Date - A series of exceptional timepieces to celebrate an i ...

Emirati long-distance runner wins gold and the hearts of spectators

Dubai Reaffirms Its Position as the Cruise Hub of the Region at Seatrade Cruise ...

ICONIC launches Summer'18 campaign

Al Mashowa at City Walk offers authentic Emirati seafood based on time-honoured ...

Dubai Islamic Economy Development Centre Signs Memorandum of Understanding with ...