Deloitte, Loliwe sign consultation services deal
Deloitte signs collaboration agreement with Loliwe Integrated Rail Solutions to offer rail clients advisory services
South Africa-based Loliwe Integrated Rail Solutions and Deloitte in the Middle East have partnered to offer clients commercial and technical advisory services.
The GCC is currently at various stages of developing its rail connectivity among member states while developing country specific networks.
Saudi currently tops the current spending in this sector, both on projects planned as well as under execution, with the Riyadh Metro being the most pertinent project under construction.
Both the UAE and Qatar too have rail projects in the pipeline, with Qatar having the most demanding need to fulfil its plans of a rail network ahead of the FIFA 2022 World Cup and the UAE in anticipation of Expo 2020.
Cynthia Corby, audit partner and infrastructure and capital project leader for Deloitte in the Middle East, said: “There is undoubtedly a lot of uncertainty when it comes to railways and roadways development in the GCC countries, following reductions in many of the GCC’s government capital programme budgets.
“However, we believe strategically important lines will continue to be built, especially where the economic benefits are proven. We are pleased and looking forward to this new relationship with Loliwe."
Kevin McGill, managing director at Loliwe Integrated Rail Solutions, noted: “We are delighted to work with Deloitte who have chosen Loliwe as their partner in an exciting sector in an equally exciting region.
“The need for infrastructure in the GCC, and worldwide, to support rapidly expanding urban environments means that innovative and focussed solutions are desperately needed.
“It is this challenge that has drawn us to join Deloitte in providing robust value added solutions to suit the unique challenges that face each project in each of the GCC countries.
“In the face of uncertainty in the GCC relating to the reductions in budgets, it is now that the rail agencies need service providers to assist in bringing projects to fruition so they can continue to grow modern cities that move increasing numbers of people safely and efficiently."