Infrastructure

Gulf | Mar 23, 2023

UAE, Oman call for bids on $3 billion transnational railway project

The move aims to expand the role of the private sector in the state-owned project and promote regional integration, with the project connecting Oman’s Sohar Port with the UAE's National Rail Network.

The Dubai metro track is seen along Sheikh Zayed Road, as the Gulf emirate prepares to open its new metro network in a bid to cut dependency on cars and ease congestion, United Arab Emirates, Sept. 9, 2009.

Egypt | Mar 8, 2023

Train crash in Egypt leaves 4 dead, 23 injured

Train crashes are not uncommon in Egypt, where the railway system is plagued by years of neglect. A new high-speed rail system could soon come to the country, however.

People gather by a wall fencing the railway track as a crane is deployed to lift a derailed train at the scene of a railroad accident, Qalyub, Qalyub province, Egypt, March 7, 2023.

Saudi Arabia | Mar 2, 2023

Saudi Arabia invests $51 billion in first wave of Shareek diversification

The Shareek investment and diversification strategy is set to create more than 64,000 jobs by 2040.

Iraq | Mar 2, 2023

Iraq rolls out new plan to reduce chronic Baghdad traffic

Successive Iraqi governments have tried but failed to address the problem of traffic in the capital. Sudani's plan involves building new bridges and overpasses.

This picture shows traffic in Baghdad's Tahrir Square with the iconic Freedom Monument, a 50-metre (165-foot) long bas relief that honours the 1950 revolution which overthrew Iraq's monarchy, on November 7, 2022.(Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Gulf | Jan 25, 2023

South Korea’s Samsung to help Saudi Public Investment Fund with construction projects

Saudi Aramco has also strengthened its ties to South Korean companies recently.

South Korean Foreign Minister Park Jin (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan (L)

Gulf | Jan 17, 2023

Saudi Arabia launches investment fund for sports, entertainment events

Crown Prince Mohammed bin Salman’s aggressive modernization plans have been criticized for being overly ambitious.

Saudi Arabian Crown Prince Mohammed bin Salman (C) and Formula One Group CEO Stefano Domenicali (R).

Gulf | Nov 14, 2022

Saudi Public Investment Fund partners with BlackRock

The US investment firm also signed a cooperation deal with the UAE earlier this year.

The headquarters of BlackRock on Nov. 4, 2021, in New York City.

Saudi Arabia | Sep 28, 2022

Saudi Arabia partners with Senegal on railway, desalination plant

The UAE, Israel and Turkey have also upped their engagement with African states in recent years.

Egypt | Sep 26, 2022

Egypt explores production of green fuels for ships

Egypt plans to cooperate with the Maersk global shipping group to establish a national network to produce and distribute green fuel for ships, depending on new and renewable energy sources, as the country gears up to host the COP27 climate summit.

Cranes move shipping containers on a Maersk Sealand ship.

Palestine | Sep 22, 2022

Palestinian businessman seeks self-funded projects to support Gaza economy

An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city.

Palestinian laborers work at a stone quarry during International Workers Day, Gaza City, Gaza Strip, May 1, 2021.

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