Saudi’s Finance Minister Ibrahim Al-Assaf signed three contacts worth US$630mn with Saudi Arabian Railway (SAR) to implement various projects for the North-South Railway.

Passenger traffic at Dubai International Airport increased by 7.8 per cent during the first 11 months of the year to reach 46.2mn passengers, according to Dubai Airports.

Rosenbauer has won a contract from a Saudi ministry worth US$320mn for supply of fire engineering equipment.

The World Energy Council (WEC) launched its 'Global Transport Scenarios 2050’ report that highlights the role of governments in providing a sustainable future for the global transport sector.

DP World plans to spend US$850mn on investment over the next three years to expand its key Jebel Ali port that will increase its capacity to 19 million TEU by 2014 and to create 1,000 new jobs at the new terminal.