The impact of railway on the economy & the growth of the Gulf real estate market

The countries of the Cooperation Council for the Arab States of the Gulf have been planning since 2004 to establish railways that connect the Gulf countries to each other.

After approving the construction of the Gulf railway project by the leaders of the Gulf Cooperation Council countries at the council’s thirtieth summit in Kuwait in 2009, the Gulf countries began working on this project since that time, and its opening was postponed many times, the delay was due to its incompleteness because of structural difficulties The infrastructure faced by the companies working on the project, and it is expected to be completed by 2023, according to recent statements.

It is considered the beginning of the railway track from the State of Kuwait through Dammam to the Kingdom of Bahrain and from Dammam to Qatar through the Salwa port and will link Qatar with Bahrain, and from Saudi Arabia to the United Arab Emirates Abu Dhabi and Al Ain and then to Muscat via Sohar.

The total length of the track is estimated at about 2,117 km, and the speed of trains transporting passengers is approximately 220 km per hour, while the speed of trains transporting goods reaches 120 km per hour.

The presence of the railway will contribute to the recovery of many economic fields, the most important of which is the real estate field, as it will facilitate easy transportation for real estate owners, and will promote real estate exchange or the purchase and sale of real estate, in addition to renting and buying commercial real estate and the ease of transporting goods and sales requirements by shipping them at a lower price via the railway.

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