Led by oil-rich Middle East, the countries that make up the Gulf Cooperation Council (GCC) are spending rapidly on infrastructure to modernize and help diversify their heavily dependent, hydrocarbon-based economies and deal with parched desert climates. The GCC members include Saudi Arabia, United Arab Emirates, Qatar, Oman, Bahrain and Kuwait.
Across Middle East, substandard infrastructure constricts growth by as much as 20 percent annually. Estimates peg the regions annual infrastructure funding gap at anywhere from $30 billion to $90 billion.
With infrastructure, now it is time for speed, this is to ensure that the overall development in the region is moving hand in hand while comparing with the other developed nations across the globe. This idea of development brings along the need of speedy transportation across the respective country.
Looking into the tremendous growth and infrastructure development it has become very important for High Speed Rail to be implemented and executed in the GCC region. For this one reason alone, BE Summits launches the MENA High Speed Rail Summit – Highway to the High Speed rail.