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The Mega Railway Had Surreal Investments of Approximately US$ 250 Billion and Connects China and Middle Eastern Countries
China and six of the wealthiest Middle Eastern countries have joined forces in an ambitious project to construct a railway that stretches over two thousand kilometers across the desert. This project, estimated at US$ 250 billion, is one of the most daring engineering feats in the world, according to a video from the channel Construction Time.
Construction of the Railway Line in the Middle Eastern Desert with China
The challenges faced in this Middle Eastern and China project can only be compared to the costs involved. For comparison, the Great Wall of China, which spans over 21,000 km and was built over nearly two thousand years, would only cost 67 billion dollars today.
The joint project with China began in the 1990s, more specifically in February 1981, when the leaders of the GCC (Gulf Cooperation Council) met and formed a political and economic alliance. The GCC is composed 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 Eastern Railway
However, in 2008 and 2009, oil prices plummeted due to the great recession caused by the real estate collapse in the United States, directly affecting the economies of the GCC. 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 phases. The first phase, completed in 2016, covered 264 km from the areas of Rabi Chame and Sarrar in Abu Dhabi to the port of Iqalat. The second phase, which began in 2020, will expand the network by another 605 km, bordering Saudi Arabia to the east coast.
More About the Construction of the Railway Line
This railway infrastructure in the Middle East will help GCC countries diversify their economies, allowing them to no longer be hostages to oil and gas. Furthermore, it will enable them to leverage and develop the great extractive potential of other natural resources, such as iron ore, gold, aluminum, and silver.
Although the project has faced some problems, such as the diplomatic crisis with Qatar and falling oil prices, it is still part of these nations’ plans to become more sustainable and economically diversified. When fully operational, the railway is expected to generate over 80,000 direct and indirect jobs.
CONGREGAI-VOS, ACADEMICOS EXECUTIVOS DE BOAS RECOMENDAÇÕES PARA O BEM
Projeto desenvolvimentista e futurista e benéfico às Nações envolvidas.