Qatar to sign rail deal with Germany
The Qatari Diar headquarters is set to witness a deal worth a mega $25 billion between Qatar and German rail and logistics giant, Deutsche Bahn as reported by the Qatar-based The Peninsula. The deal is aimed to strengthen integrated railway network.
Media reports, citing official sources, claims that both sides would sign a deal for passenger as well as freight rail networks in Qatar. German industrial group Siemens could get contracts for supplying trains while construction firms of German can be involved in building rail networks.
The proposed railways link includes a high-speed connection to the airport, rail network in Doha and a link to Bahrain by availing help form Germany’s national railway operator, Deutsche Bahn. Doha-Manama commuter rail network is also under consideration by the government in line with its plan to develop rail network in the Gulf state.
The country has established a company named Qatar Railway with an initial capital of $100m for creating required rail infrastructure in the country and connecting it to other countries by 2026.
New Zealand News
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