Transport Sector Research Highlights

Analysis

Transport modernisation projects drive GCC efficiencies
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Following delays, the long-awaited GCC Railway looks likely to be revitalised – a move that could transform trade and connectivity across the Gulf. The initiative was given a significant boost in December 2021 when leaders of the six GCC countries approved the establishment of the GCC Railways Authority, the body that will oversee the coordination of the project. The decision marks a potentially…

Analysis

Kuwait invests in transport infrastructure to enhance global connectivity
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In July 2021 Kuwait Port Authority (KPA) announced plans to establish a series of logistics cities on recently acquired land adjacent to several major ports across the country. The project is expected to be completed by 2025 at an investment of $400m. The proposed cities would be located on a combined area of 1.9m sq metres around Doha Port – with the new facility spanning 270,000 sq metres to the…

Overview

Kuwait upgrades transport infrastructure to meet development goals
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Under its overarching economic development plan, New Kuwait 2035, Kuwait’s government is working to strategically harness the country’s location on the Gulf to transform its transport and logistics industries into key contributors to GDP. Several significant upgrades to existing transport infrastructure are at an advanced stage, while a new logistics belt is a key component of the Madinat Al Hareer,…

Interview

Maen Mahmoud Razouqi, CEO, Kuwait Airways: Interview
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Interview:Maen Mahmoud Razouqi How can national carriers in the Gulf capitalise on opportunities stemming from emerging dynamics in the global travel industry? MAEN MAHMOUD RAZOUQI: Although 43 airlines around the world have declared bankruptcy since the Covid-19 pandemic began, the overall outlook for the industry is positive. The industry expects that by 2035 passenger numbers will double from…

Chapter

The Report: Kuwait 2022: Transport & Logistics
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Under its overarching economic development plan, New Kuwait 2035, the government is working to strategically harness the country’s location on the Gulf to transform its transport and logistics industries into key contributors to GDP. Several significant upgrades to existing transport infrastructure are at an advanced stage, while a new logistics belt is a key component of the Madinat Al Hareer, or…

Economic Update

Year in Review 2022: Asia

– Regional rollback of pandemic restrictions fuelled growth in early 2022 – External demand remains elevated despite increased inflation and high commodity prices – Renewable energy growth set to propel manufacturing expansion and diversification – Climate disasters led countries to prioritise climate funding and emissions reductions An easing of Covid-19-related restrictions…

Economic Update

Emerging markets are targeting a share of the global electric vehicle market

− The number of passenger electric vehicles (EVs) is set to triple over the coming decade − Domestic production of EVs dovetails with MENA economic diversification strategies − Subsidies, tax incentives and micromobility EVs are supporting uptake − Charging stations, mining infrastructure and battery production key to expansion With electric vehicles (EVs) set to proliferate and become…

Analysis

Saudi Arabia initiating transport infrastructure upgrades as international travel increases
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By 2030 Saudi Arabia is seeking to attract 100m domestic and international tourists per annum as part of wider efforts to diversify economic growth away from hydrocarbons (see Tourism chapter). This target represents a significant increase in inbound visitors and internal movement within the Kingdom for leisure purposes, and will necessitate upgrades and expansion to transport infrastructure to meet…

Overview

Saudi Arabia invests in transport infrastructure to improve connectivity
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Saudi Arabia’s transport and logistics sector encompasses a broad range of active facilities and routes. Given the Kingdom’s position between Europe and Asia and its central role in the global energy market, as well as the current importance of imported goods for meeting basic consumer demand, transport and logistics are crucial to the economy. Plans for the sector’s future involve a transformative…

Analysis

The global shipping industry works to lower its environmental impact
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As environmental concerns become increasingly pressing for governments and businesses alike, the shipping industry is taking steps to reduce its carbon footprint. In August 2021 Danish shipping company Maersk, the world’s largest container shipping line, announced that it had invested $1.4bn in eight new vessels to be powered by methanol, rather than oil-based fuels. The ships, expected to be delivered…

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Transport Sector Research Highlights

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