The mega railway had surreal investments of approximately US$250 billion and unites China and Middle Eastern countries
China and six of the richest countries in the Middle East have joined forces in a ambitious project to build a railway that stretches for more than two thousand kilometers in the desert. This project, estimated at 250 billions of dollars, is one of the most daring engineering works in the world, according to the video on the Construction Time channel.
Construction of the railway line in the Middle East desert with China
The challenges faced in this Middle East and China project can only be compared to the cost involved. For comparison purposes, the Great Wall of China, more than 21.000 km long and built over almost two thousand years, would only cost 67 billion dollars today.
The project in conjunction with China began in the 90s, more specifically in February 1981, when the leaders of the GCC (Gulf Cooperation Council) met effectivelyformed a political and economic alliance. The GCC is made up of six countries that have made a lot of money from oil and natural gas, making their economies heavily dependent on the international oil market.
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The Economic and Structural Impact of the Middle East Railway
However, in 2008 and 2009, oil prices plummeted due to the great recession caused by the housing collapse in the United States, directly affecting GCC economies. To reduce this dependence on oil, an ambitious railway project was approved in 2009, with the goal of linking all six GCC member countries.
The project was divided into two stages. The first stage, completed in 2016, covered 264 km from the Rabi Chama and Sarar areas in Abu Dhabi to the Port of Equals. The second stage, started in 2020, will increase the network by another 605 km, bordering Saudi Arabia to the east coast.
More about the construction of the railway line
This Middle East rail infrastructure will help GCC countries diversify their economies, allowing them to no longer be hostages to oil and gas. Furthermore, it will allow take advantage of and develop the great extractive potential of other natural resources, such as iron ore, gold, aluminum and silver.
Although the project faced some problems, such as the diplomatic crisis with Qatar and the fall in oil prices, it is still part of these nations' plans to become more sustainable and economically diversified. When fully operational, the railway must generate more than 80 thousand direct and indirect jobs.
Developmental and futuristic project that is beneficial to the Nations involved.
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