Ed james meed

Ed james meed

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  © 2013 MEEDInsight 21 October, Dubai Presented by Ed James Director of Analysis [email protected] @EdJamesMEED The facts and figures behind the Rail & Metro mega-project landscape Surveying the GCC rail and metro market opportunity
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  1 The HejazRailway c.1920s © 2014 MEED Projects The historical context for rail development in the Middle East The development of railway networks in the Middle East is not a new phenomenon. The first line in the region opened in 1852 linking Cairo with Alexandria. The 1,300-km Hejaz railway between Damascus and Medina, made famous by Lawrence of Arabia, opened in 1908 Alexandria’s Misr Station, completed in 1852 © 2014 MEED Projects
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  2 An abandonedstation on the Hejaz railway The years of neglect © 2014 MEED Projects But the sector was neglected in the second half of the 20th century, especially in the Gulf. Oil wealth meant that the local population took to the road encouraged by new road networks and cheap fuel. Rail development was put on the backburner. To this day, there are no operational rail networks of any kind (metro, overland rail, trams etc.) in Kuwait, Bahrain, Qatar, Oman and until recently the UAE. At the same time existing networks in some of the pioneers of rail travel in the region suffered from underinvestment. The Iraqi, Egyptian, Maghreb networks all require substantial investment to modernise them. However, over the last ten years there has been a sea change in approaches toward rail investment.
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  3 Regional GrowthDrivers & Barriers to Growth Growth Barriers Growth Drivers High oil prices enable government to finance their project ambitions The ‘Dubai effect’ – success of Dubai metro has seen other Gulf states follow suit Demographic growth demands investment in transport infrastructure Political desire to improve access to more remote areas and stimulate economic development 2 3 1 4 Cheap fuel discourages move from car to other types of transport Geo-political challenges facing cross-border networks and co- ordination Climatic and topographic conditions Age and condition of existing infrastructure outside GCC 2 3 1 4 © 2014 MEED Projects Drivers and barriers to rail investment in the region © 2014 MEED Projects
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  All this ischanging 4 Source: MEED Insight © 2014 MEED Projects Length of existing and planned tracks (km) Existing Planned Afghanistan <100 >1,500 Bahrain 0 245 Iraq 2,405 2,343 Kuwait 1.2 405 Oman 0 2,244 Qatar 0 750 Saudi Arabia 2,415 >10,000 UAE 324 >1,200 Yemen 0 2,155 Jordan 508 897 Lebanon 0 0 Gaza/West Bank 14 473 Algeria 3,854 7,105 Egypt 9,633 2,111 Libya 0 3,104 Mauritania 700 430 Morocco 2,159 1,526 Sudan 1,566 3,143 South Sudan 248 492 Tunisia 2,197 894 Western Sahara 5 0 Total 28,882 41,355
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  Market size 5 Value of MENA rail projects planned or under construction Source: MEED Projects © 2014 MEED Projects 0 20,000 40,000 60,000 80,000 100,000 120,000 Algeria Bahrain Egypt Iran Iraq Jordan Kuwait Morocco Oman Qatar Saudi Arabia Tunisia UAE $m
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  Rail projects 6 Top 20 largest rail and metro projects awarded in the Middle East Source: MEED Projects © 2014 MEED Projects Project Country Value ($m) Contractor Award year ADA - Riyadh Light Rail Transit (Riyadh Metro): Lines 1 & 2 Saudi Arabia 9,450 Bechtel / Siemens / Almabani / CCC JV 2013 SRO - Haramain High-Speed Rail Network (HHR): Phase 2 Saudi Arabia 8,396 OHL / Adif / Renfe / Talgo / Indra / Dimetronic / Cobra / Inabensa / Copasa / Imathia / Consultrans / Ineco / Shoula / Rosan JV 2011 ADA - Riyadh Light Rail Transit (Riyadh Metro): Lines 4, 5 & 6 Saudi Arabia 7,820 FCC / Freyssinet / Alstom / Samsung / Strukton / Setec / Typsa JV 2013 ADA - Riyadh Light Rail Transit (Riyadh Metro): Line 3 Saudi Arabia 5,942 Ansaldo STS / Impregilo / L&T / Nesma & Partners / Bombardier JV 2013 Dubai RTA - Dubai Metro: Green Line UAE 3,811 Kajima Corporation, Mitsubishi Corporation, Obayashi Corporation, Yapi Merkezi 2005 Dubai RTA - Dubai Metro: Red Line UAE 3,811 Kajima Corporation, Mitsubishi Corporation, Obayashi Corporation, Yapi Merkezi 2005 QRAIL - QIRP: Doha Metro: Gold Line: Tunneling Works Qatar 3,300 Aktor / Yapi Merkezi / Larsen & Toubro / STFA / Al Jaber Engineering JV 2014 SRO - Haramain High-Speed Rail Network (HHR): Phase 1: Package 1 (Civil Works) Saudi Arabia 2,871 Al Rajhi Holding Group 2009 QRAIL - QIRP: Doha Metro: Green Line: Tunneling Works Qatar 2,520 Saudi Binladin Group / HBK Contracting Company WLL / Porr Solutions JV 2013 QRAIL - QIRP: Doha Metro: Red Line North: Tunneling Works Qatar 2,184 Impregilo / SKEC / Galfar Al Misnad Engineering & Contracting JV 2013 Anesrif - Oued Tlelat to Akid Abbès : Phase 1 Algeria 1,815 Rizzani de Eccher / Societa Italiana per Condotte d'Acqua JV 2007 Mecca Municipality - Al Mashaaer Monorail: South Saudi Arabia 1,800 China Railway Construction Corporation Limited (CRCC) 2009 Anesrif - Oued Tlelat to Akid Abbès : Phase 2 Algeria 1,633 Groupe Etrhb Haddad / FCC JV 2010 Mayoralty of Baghdad - Baghdad Monorail : Phase 1 Iraq 1,500 Alstom 2013 QRAIL - QIRP: Doha Metro: Red Line South: Tunneling Works Qatar 1,500 QDVC / GS E&C / AI Darwish Engineering JV 2013 Anesrif : Reilzane - Tiaret - Tissem Railway Line Algeria 1,300 Groupe Etrhb Haddad / FCC JV 2010 SRO - Haramain High-Speed Rail Network (HHR): Phase 1: Package 2 (Contract 1) Saudi Arabia 1,287 Saudi Binladin / Yapi Merkezi JV 2011 SRO - Haramain High-Speed Rail Network (HHR): Phase 1: Package 2 (Contract 2) Saudi Arabia 1,267 Saudi Oger/ El Seif JV 2011 QRAIL - QIRP: LRT: Lusail Light Rail Network (LLRT) Qatar 1,200 QDVC 2012 QRAIL - QIRP: Doha Metro: Msheireb Station Qatar 1,100 Samsung C&T / OHL / Qatar Building Co JV 2013
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  Top contractors 7 Source: MEED Projects Top 10 MENA Contractors Based on Rail Work Under Execution © 2014 MEED Projects 0 1,000 2,000 3,000 4,000 5,000 6,000 $m
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  Top future projects 8 Source: MEED Projects Top 15 future rail projects in the MENA region © 2014 MEED Projects Project Country Value ($m) Status SRO - Riyadh Dammam High-Speed Rail Saudi Arabia 14,000 Study MOT - Alex-Aswan High Speed Railway Line Egypt 10,160 Study Eastern Province Municipality - Dammam Metro Saudi Arabia 9,000 Study MOTC - Oman National Railway Oman 8,600 Main Contract PQ Mecca Municipality - Mecca Metro: Lines B and C Saudi Arabia 8,000 Main Contract Bid Jeddah Metro Company - Jeddah Metro: Orange & Blue Lines Saudi Arabia 8,000 Design Kuwait Ministry of Communications - Kuwait National Rail Road : Phase 1 Kuwait 8,000 Study Ministry of Transportation - Light Rail Network Bahrain 7,900 Study Ministry of Communication - Kuwait City Metropolitan Rapid Transit Kuwait 7,000 Study SAR - Saudi Landbridge Saudi Arabia 7,000 Design QRAIL - QIRP: Passenger & Freight Rail Qatar 5,500 Main Contract PQ Musanada - Abu Dhabi Metro UAE 5,100 Main Contract PQ SRO - Yanbu Jeddah Jizan and Taif Khamis Mushayt Abha Rails Saudi Arabia 4,200 Study MOF - Mixed-Use Development in Medina: Monorail Saudi Arabia 4,000 Main Contract Bid Mecca Municipality - Mecca Metro: Line A Saudi Arabia 4,000 Study
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  Top future clients 9 Source: MEED Projects Top 10 MENA rail clients by value of planned projects © 2014 MEED Projects 0 5,000 10,000 15,000 20,000 25,000 30,000 $m
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  Morocco 10 Source:LGV Maroc Morocco rail system Top 10 GCC Utilities Clients Based on Work Under Execution ($m) © 2014 MEED Projects Major contracts awarded on the LGV Maroc project Package Contractor/status Value ($m) El-Hachef viaduct SGTM (Morocco) 144 Sebou viaduct SGTM 27 Mharhar viaduct SGTM 71 North section civil engineering works Houar, Seprob, TGCC (all Morocco) 151 Packages 4 and 5, South section Assignia (Spain) 100 Supply of Rolling Stock Alstom 500 Tangier maintenance workshop TGCC, Jet Alu (all Morocco) na Design, build of 185km of double high-speed track and overhead lines Egis Rail, Colas Rail (all France) 189 South section civil engineering works Sefiani (Morocco) , Arab Contractors (Egypt) na Lahlou and Gharifa viaducts Moumadko, CMB, Unieco (all Morocco) 30 Priority earthworks north section GTR (Morocco) na Priority earthworks south section Sonasr (Morocco), Monteadriano, Casais (both Portugal) na Signalling work LPEE, Sol Dat (Morocco) na Design, supply, installation, testing and commissioning of safety systems and signalling Ansaldo STS (Italy), Cofely Ineo (France) 167 na=not available; Source: MEED Insight Major contracts on the LGV Maroc project
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  Morocco 11 Source:LGV Maroc © 2014 MEED Projects High Speed Line 2007 2030 Gain Casablanca - Tangier 5h45 1h30 4h15 Rabat - Tangier 4h45 1h 3h45 Casablanca - Marrakech 3h15 1h05 2h10 Rabat - Marrakech 4h20 1h40 2h40 Rabat - Fez 3h30 1h 2h30 Casablanca - Agadir - 2h35 - Tangier - Fez 5h30 1h40 3h50 Fez - Oujda 5h10 1h20 3h50 TGV Maroc: Tangier–Casablanca high speed line, external funding sources Funding agency €m or € equivalent France Fonds d’Etudes et d’Aide au Secteur Prive (FASEP) 75 Réserve Pays Emergents (RPE) 625 Agence Francaise de Developpement (AFD) 220 Gulf Saudi Fund for Development 144 Kuwait Fund for Arab Development 100 Abu Dhabi Development Fund 70 Arab Fund for Economic & Social Development (Afesd) 66 Hassan II Fund for Economic & Social Development (Morocco) 86 Source: LGV Maroc
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  Qatar 12 Source:QRail Qatar planned rail network © 2014 MEED Projects The mainline rail network: key facts Passenger railway services 1 High-speed services to and from Bahrain Design speed 350km/h Number of stations in Qatar 4 Traction power 25kV AC Journey times Hamad International Airport -Manama 55 minutes West Bay Central-Manama 63 minutes Education City-Manama 50 minutes Tunnel sections in Doha 25km Passenger railway services 2 High-speed services to and from Saudi Arabia Design speed 250km/h Number of stations in Qatar 1 Traction power 25kV AC Journey times: Hamad International Airport -Doha West 55 minutes Freight railway services Design speed 120km/h Slab track axle load 25 tonnes Maximum train length 1,000 metres Traction power 25kV AC
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  Qatar 13 Source:MEED Projects © 2014 MEED Projects Qatar planned metro network Project Contract Value ($m) Main Contractors QRAIL - QIRP: Doha Metro: Red Line North: Tunneling Works 2,184 Impregilo / SKEC / Galfar Al Misnad Engineering & Contracting JV QRAIL - QIRP: Doha Metro: Red Line South: Elevated / At Grade Section 654 FCC / Archirodon / Petroserv / Yuksel Construction JV QRAIL - QIRP: Doha Metro: Green Line - Elevated / At Grade Section 244 Saudi Binladin Group / HBK Contracting Company WLL / Porr Solutions JV QRAIL - QIRP: Doha Metro: Green Line: Tunneling & Main Stations Works 2,520 Saudi Binladin Group / HBK Contracting Company WLL / Porr Solutions JV QRAIL - QIRP: Doha Metro: Gold Line: Tunneling Works 3,300 Aktor / Yapi Merkezi / Larsen & Toubro / STFA / Al Jaber Engineering JV QRAIL - QIRP: Doha Metro: Red Line South: Tunneling Works 1,500 QDVC / GS E&C / AI Darwish Engineering JV QRAIL - QIRP: Doha Metro: Education City Station 1,000 Samsung C&T / OHL / Qatar Building Co JV QRAIL - QIRP: Doha Metro: Msheireb Station 1,100 Samsung C&T / OHL / Qatar Building Co JV
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  Saudi Arabia 14 © 2014 MEED Projects The Jeddah metro Hyundai E&C (South Korea)/STFA (Turkey)/CMC (Italy)/Baytur (Turkey) Saudi Binladin Group (SBG)/Porr (Austria) Impregilo (Italy)/Nesma & Partners Contracting (local) Yapi Merkezi (Turkey)/Orascom Construction Industries(Egypt)/Kalyon (Turkey) China Railway Construction Corporation (CRCC) El-Seif Engineering Contracting (local)/Posco Engineering Company (South Korea)/Yuksel (Turkey)/Dogus (Turkey)/Nurol (Turkey) Saudi Oger (local)/SAPAC (local)/Gulermak (Turkey)/Rizzani (Italy)/Pizzarotti (Italy) Assignia (Spain)/Alsaad General Contracting (local)/Mapa Construction Company (Turkey) China Communications Construction Company (CCCC) Isolux Corsan (Spain)/Haif Contracting (local)/Kolin (Turkey) Prequalified consortiums for the Mecca metro
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  Oman 15 Omanplanned rail network Source: MEED Insight © 2014 MEED Projects Oman rail network key facts Length of track 2,244km Length of rail 12,000km Segments 9 Intermodal yards 9 Marshaling yards 8 Stations 46 Ballast 23 million cubic metres Sleepers 10.2 million Length of tunnels 35km Crossings 400 Underpasses & flyovers 245 Length of bridges 39km Length of wadi bridges 48km Length of viaducts 45km Source: Grant Thornton
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  Oman rail prequalifiedconsortiums Oman 16 Source: MEED Projects © 2014 MEED Projects FCC Construction SA (leader), Larsen and Toubro Ltd and Khalid bin Ahmed & Sons; Strabag AG (leader), CCC Oman and Samsung E&C; Salini Impregilo Spa; China State Construction Engineering Corporation (leader) and SK E&C; nternational Contractors Co (leader), China Railway Construction Corporation Ltd and Mohammed Al Kharafi & Sons; Habtor Leighton Middle East (leader), Al Hassan Engineering, Posco E&C and Khimji Ramdas; Societa Italiana Per Condotte D'Acqua Spa (leader), Federici Stirling Batco, SWS Engineering Spa and Itinera Spa; Vinci Construction Grand Projects (leader), Aktor Technical SA and Vinci Construction Terrassement; Porr Bau GmbH (leader), Yuksel Insat, Sarooj Construction Company and Daewoo E&C; Saipem Spa (leader), Rizzani De Eccher Spa and Dogus Insaat; Ircon International Limited (leader), Hani Archirodon and Tata Projects; China Tiesiju Civil Engineering Group Co. Ltd (leader) and China Railway Eryuan Engineering Group Co Ltd; Astaldi Spa (leader), ONEIC, Yapi Merkezi and Corsan-Corviam Construccion SA; Sinohydro Corporation Ltd (leader) and Arabtech Construction; Hyundai Engineering & Construction Co Ltd (leader), Hassan Juma Backer, Assignia Infraestructuras & Maire Tecnimont Civil Construction; Acciona Infraestructuras (leader), Ozkar and Teixeira Duarte Engineer & Constructed; China Railway Engineering Corporation (leader) and Mapa-Gunal Oman; Ferrovial Agroman SA (leader) and Galfar Engineering & Contracting.
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  © 2013 MEEDInsight © 2014 MEED Projects