Qatar Signs Massive $25 Billion Deal with Germany’s DB to Develop Rail Network

» Rapidly growing Middle Eastern state will invest massively to expand already booming economy.

If Dubai and Abu Dhabi have grabbed most of the headlines recently, neighboring Qatar has been quietly building up from an out-of-the-way desert country to a center of world trade. Despite the country’s overall small 1.5 million-person population, the capital city Doha has been the site of increasing government-sponsored development thanks to huge oil and gas revenues and the country is now arguably the richest on the planet per capita. Next year, its economy is set to expand by 16%, the largest increase in the world, further solidifying its position as a regional powerhouse.

Government officials see infrastructure investment as a crucial element to economic viability, so last week Qatar signed a $25 billion deal with Germany’s Deutsche Bahn to develop local and high-speed rail links over the next fifteen years. The project will

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by Yonah Freemark

yfreemark (at) thetransportpolitic (dot) com

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