Oman railway to create 70,000 jobs: report
$6bn 1,000km railway development expected to start operations in 2017
Oman’s US$6bn railway development will create 70,000 new jobs in the Sultanate, Times of Oman reported, citing project statistics.
The railway, which is expected to start operations in 2017, will run more than 1,000km from the country’s northern and southern borders.
The first phase of the project will be the route from Khatman Malalah in Oman’s north to the eastern town of Duqm, and will include 20 train stations. The line’s second phase will run to the border with Yemen and will feature a further 20 stations.
The newspaper reported that the Omani government has already received bids from 14 contractors to supervise the project, while authorities have also invited bids to build the railway. Times of Oman said that the railway will create investment opportunities in the country worth up to $10bn.
When complete the project will form part of the GCC’s 6,000km rail scheme, which at a cost of approximately $100bn is aimed at boosting trade within the six-member bloc.
Last month, Etihad Rail, the state-backed firm building a $11bn railway network in the United Arab Emirates, said it secured $1.28bn of bank financing to build the first phase of the project.
Meanwhile, the head of Qatar's rail network has said the project will create $38bn investment opportunities for potential investors over the next 20 years.