gcc states- a mega project heaven
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GCC Countries: Where Mega Projects are the Norm
GCC Countries: Where Mega Projects are the Norm
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• $2.5tn worth of projects are ongoing or in advanced planning stage in the Middle East and North Africa region (MENA):
– Currently being built: $1,4 tn– Advanced development stage: $600 bn– Early-stage projects: $500 bn
• Majority of the projects under development (just over $1tn) are on infrastructure and real estate.
• GCC countries account for nearly 90% of the projects being built (by value)
• 60% of the GCC projects are in Saudi Arabia and the UAE:
– Saudi Arabia $784bn – UAE $669bn – Qatar $273bn– Kuwait $249bn– Oman $127bn
Source: Citi Research 2014
• GCC in a nutshell:– Gulf Co-operation Council
– A political and economic union comprising of all Arab states of the Arabian Gulf (except Iraq)
– Established in May 1981
– Population of 46 million with a GDP per capita of $33,000
– All GCC countries have part or all of their coastline on the Arabian Gulf
• Member states are: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
GCC Top 25 Projects
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1. King Abdullah City of Atomic and Renewable Energy2. King Abdullah Economic City (KAEC)3. 500,000 Housing Units in Different Areas of Saudi Arabia4. Mohammed Bin Rashid (MBR) City5. Qatar National Rail Scheme6. Sudair Industrial City7. Jeddah Kingdom City8. Ras Al Khair Minerals Industrial City9. Riyadh Light Rail Network10. Chemaweyaat Complex11. Nuclear Power Plant in Abu Dhabi12. Jubail II - Sadara Petrochemical Complex13. South Obhur Project14. Nuclear Power Plant – Bahrain15. King Faisal University in Al-Ahsa16. New Refinery in Al Zour, Kuwait17. Al Ruwais Development in Jeddah18. Makkah-Madinah Railway Link (MMRL) – Haramain19. Qasr Khozam20. Oman Rail21. Clean Fuels Project – Kuwait22. Yanbu Export Refinery23. Etihad Rail24. Lulu Island Development25. Expansion of Makkah Holy Haram
Source: ConstructionWeekOnline.com
How Safmarine Connects Finland with the GCC
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Indicative Transit times
Discharge Port / Destination Weekly Sailing Helsinki Kotka Rauma
Abu Dhabi, U.A.E Yes 42 49 45
Ajman, U.A.E Yes 36 43 39
Al Jubayl, Saudi Arabia Yes 40 47 43
Bahrain, Bahrain Yes 38 45 41
Dammam, Saudi Arabia Yes 38 45 41
Doha, Qatar Yes 37 44 40
Dubai, U.A.E Yes 33 40 36
Fujairah, U.A.E Yes 39 46 42
Jebel Ali, U.A.E Yes 31 38 34
Jeddah, Saudi Arabia Yes 25 29 25
Khor Fakkan, U.A.E. Yes 33 40 36
Kuwait (Shuwaikh), Kuwait Yes 41 48 44
Qchem, Qatar Yes 38 45 41
Ras Al Khaimah, U.A.E Yes 33 40 36
Riyadh, Saudi Arabia Yes 41 48 44
Salalah, Oman Yes 28 35 31
Sharjah, U.A.E Yes 39 46 42
Shuaiba, Kuwait Yes 43 50 46
Sohar, Oman Yes 38 45 41
Umm Al Quwain, U.A.E. Yes 33 40 36
Umm Saieed, Qatar Yes 36 43 39
Yanbu Al Bahr, Saudi Arabia Yes 32 36 32
Average 36 43 39
Safmarine GCC Coverage:
• Weekly sailings from Helsinki, Kotka, Rauma
• Industry leading schedule
reliability
• Extensive equipment pool of standard as well as special containers (flat racks, open tops, refrigerated)
• Competitive transit times
• Own agency network providing local customer oriented services
• Extensive intermodal capabilities
• A wide range of e-commerce solutions
