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Home International Customs

Maritime projects estimate $422bln within 5 years

byCustoms Today Report
06/05/2015
in International Customs, Oman
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MUSCAT: Projects worth an estimated $422 billion will be completed within the next five years in Gulf region’s transportation infrastructure in rail, road, and maritime projects, according to Fleming Gulf research.
With an aim to focus on the Gulf Cooperation Council’s (GCC’s) integrated transport strategy NATRANS Arabia 2015 is piecing together a first-of-its-kind event.
“The event will discuss and showcase proven, deployed schemes, pioneering research and development solutions that are intended to solve real world problems which are critical regional imperatives,” said Alex Heuff, Exhibition Director, NATRANS Arabia which takes place at the Abu Dhabi National Exhibition Centre (ADNEC) on October 19-21, 2015.
“By creating an event which covers the industry as a whole, NATRANS Arabia is set to deliver a unique networking platform for the region’s entire land and maritime transportation sector,” added Heuff
The conference-led exhibition which is being held in partnership with the UAE Federal Transportation Authority – Land and Maritime and held under the patronage of Dr Abdulla Belhaif Al Nuaimi, Minister of Public Works and Chairman of the Federal Transport Authority – Land and Marine, will highlight the UAE’s position within the region as a leading state in transport infrastructure development.
NATRANS Arabia consists of three distinct conference streams, incorporating the regions established rail conference – the 6th Middle East Rail Opportunities on the 19 – 20 October plus two dedicated one-day conferences, firstly addressing road issues on the 19th October and secondly addressing maritime issues on the 20th October.
During the 6th Middle East Rail Opportunities Summit, designs of nearly US$ 200 billion in network projects will be presented, running from the Gulf coast from Kuwait, through Saudi Arabia, to the UAE and Oman, with branches linking Bahrain and Qatar. These projects will be completed before the end of the first quarter 2016.
The Middle East Road Conference will examine the progress of the region’s mega road project which is set to grow at a rapid pace over the next five years, valued at an estimated $32 billion.
The conference will also cover the international traffic management, (ITS), parking, road safety & maintenance of and transport infrastructure projects, such as multimodal systems and management have helped decrease accidents and the use of ITS technology in road safety.
The third streamed seminar, Middle East Maritime Conference, will take an in-depth look at the different investments in the maritime industry, which are expected to reach US$66 billion in the next three years, with the UAE contributing 30-35 percent of the Middle East’s projected total investment valued at $190 billion over the next three years.
With the global significance of the Middle East’s ports and facilities is now more important than ever before and delegates will be presented with the latest industry developments.

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