The Saudi government signed contracts worth US$630mn with national companies to work on road projects across the kingdom.
A five-year project for French engineering group Alstom to build an above-ground urban metro line in Baghdad will cost US$1.5 billion and be funded by the French government and banks, Iraqi officials said.
Dubai has hired four local and international banks to raise US$800mn by securitising Salik road toll receipts and will use the proceeds to fund infrastructure projects according to a recent government statement.
The Salalah Bypass will be fully operational in 2011 after a year of construction work has taken place on the US$ 50.6mn high way development in Salalah.
Spanish Group Telvent won a contract from Saudi Oger to implement its traffic management solution on King Abdullah Road, the 6-km highway in Riyadh, reported Trade Arabia.
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