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© 2013 MEED Insight 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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MEED Facts Rail and Metro

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Page 1: Ed james   meed

© 2013 MEED Insight

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

Page 2: Ed james   meed

1

The Hejaz Railway 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 abandoned station on the Hejaz railway

© 2014 MEED Projects

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.

Page 4: Ed james   meed

3

Regional Growth Drivers & 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

Page 5: Ed james   meed

All this is changing

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

Page 6: Ed james   meed

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 SaudiArabia

Tunisia UAE

$m

Page 7: Ed james   meed

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

Page 8: Ed james   meed

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

Page 9: Ed james   meed

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

Page 10: Ed james   meed

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

Page 11: Ed james   meed

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

Page 12: Ed james   meed

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

Page 13: Ed james   meed

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

Page 14: Ed james   meed

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

Page 15: Ed james   meed

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

Page 16: Ed james   meed

Oman

15

Oman planned 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

Page 17: Ed james   meed

Oman rail prequalified consortiums

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.

Page 18: Ed james   meed

© 2013 MEED Insight © 2014 MEED Projects