Saturday 22 November 2014
 
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Turkey to revive plan to privatise roads, bridges

Turkey is to revive plans to privatise two bridges across the Bosphorus Strait in Istanbul and some motorways and aims to start the process by the first quarter of 2015, banking and government sources said on Monday. A consortium

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Saudi may see 18m cars on roads by year-end

Saudi Arabia will likely see the number of licensed vehicles on its roads rise to 18 million by the end of 2014, from 17 million last year, a report said. From 2011 to 2012, the number of licensed cars rose by 7 per cent to 15.9 m

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Bahrain to develop newer, wider roads

Bahrain's Ministry of Works has announced plans to develop new and wider roads, that will be able to deal with the increase in traffic congestion across the kingdom, under a new 2021 strategic plan. "There are plans to im

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UAE roads the best in the world: WEF report

The UAE ranks first in the world in terms of quality of roads, according to the Global Competitiveness Index (GCI) for 2014-2015 prepared by World Economic Forum (WEF). Dr Abdullah bin Mohammed Belhaif Al Nuaimi, UAE's Ministe

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17 die on Saudi roads daily

In a startling revelation, Saudi health ministry said 17 people get killed daily in accidents on the kingdom's roads which is witness to an accident every second, according to a report. According to the figures released by the

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Saudi signs $533m new road deals

Saudi Arabia's Transport Ministry  has signed 32 contracts worth more than SR2 billion ($533 million) for the construction of new roads and repairing of existing ones in different parts of the kingdom, said a report. The

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Abu Dhabi Police gears up for Eid traffic

The Abu Dhabi Police Traffic and Patrols Directorate said it has readied a comprehensive traffic plan to make roads safer across the emirate during the Eid Al Adha holidays.   This is in pursuance of the Abu Dhabi Police GHQ&

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Qatar’s road, rail spend to hit $100bn

Qatar will invest up to $100 billion on building roads and railway networks as part of a massive infrastructure drive, a report said. Traffic congestion and accidents owing to the current lack of a railway network in Qatar has pro

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Abu Dhabi allocates $4.3bn for new projects

Abu Dhabi's government has approved 15.8 billion dirhams ($4.3 billion) worth of spending on infrastructure and social welfare projects, an official statement said.   The wealthiest emirate in the United Arab

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Turkey may hold IPO for toll roads, bridges in 2014

Turkey will not privatise its toll roads and bridges this year but may hold an initial public offering for them in 2014, Finance Minister Mehmet Simsek told Turkey's CNBC-e television on Wednesday. A $5.7 billion tender for th

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