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Transport Infrastructure

SectorMENAJune, 2015



Table of Contents

I. Regional Sector Overview

1. Definition of MENA Region

2. Transport Infrastructure Sector in MENA

3. MENA Region: Quality of Overall Infrastructure

4. MENA Region: Quality of Road Infrastructure

5. MENA Region: Quality of Port Infrastructure

6. MENA Region: Ports Throughput

7. MENA Region: Quality of Air Transport Infrastructure

8. MENA Region: Airport Capacity

9. MENA Region: Quality of Railroad Infrastructure

10. GCC Regional Railway Project

II. Qatar

1. Sector Highlights

2. Economic Indicators

3. Transport Infrastructure Indicators

4. Transport Infrastructure Indicators (cont’d)

5. Quality of Infrastructure

6. Road Infrastructure

7. Port Infrastructure

8. Ports Throughput

9. Air Transportation Infrastructure

10. Investment Climate

2. Investment Climate (cont’d)

3. Government Infrastructure Projects

4. Government Infrastructure Projects (Cont’d)

Biggest Infrastructure Projects

III. Saudi Arabia






6. Port Infrastructure (cont’d)


8. Port Infrastructure (cont’d) and Ports Throughput

9. Air Transport Infrastructure

10. Air Transport Infrastructure (cont’d)




14. Government Infrastructure Projects (cont’d)

15. Biggest Infrastructure Projects



Table of Contents

IV. United Arab Emirates











11. Ports Throughput

12. Air Transportation Infrastructure




16. Government Infrastructure Projects (cont’d)

17. Biggest Transportation Projects

V. Main Players

1. Top M&A Deals

2. M&A Activity, 2013-2014

3. Arabtec Holding PJSC

4. Arabtec Holding PJSC (cont’d)

5. Drake & Scull International PJSC

6. Drake & Scull International PJSC (cont’d)

7. Combined Group Contracting Co.

8. Combined Group Contracting Co. (cont’d)

9. Galfar Engineering And Contracting SAOG PLC

10. Galfar Engineering And Contracting SAOG PLC (cont’d)

11. National Marine Dredging Company PSC

12. National Marine Dredging Company PSC (cont’d)

13. Appendix



I. Regional Sector Overview



Source:

Comments

Definition of MENA Region

The current report outlines the development of the agricultural sector in the Middle East and North Africa (MENA) region, which is composed

of 17 countries: Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia,

United Arab Emirates (UAE) and Yemen. The report focuses on three main countries, namely Qatar, Saudi Arabia, and the United Arab

Emirates. They were selected on the basis of their superior performance in all infrastructure subsectors, combined with extensive government

investments in infrastructure projects that will undoubtedly fuel future growth.

Middle East and North Africa Region

EMIS



Transport Infrastructure Sector in MENA

Geographic

Location

MENA and the Middle East in particular benefit from extremely advantageous geographical location. Middle East is at the centre of the globe with 86% of

the world population and 63% of world GDP at a maximum distance of 9,000 nautical miles, as noted by Airbus and Blominvest Bank. The region is equally

accessible by sea and by air and provides excellent opportunities that arise by the surging movement of people and goods between the East and the West.

In addition, oil exporting countries from the region rely heavily on sea transportation to ship their petrochemical products globally.

All of these factors, in addition to the funds provided by the oil & gas export, have led to extensive investments in transport infrastructure. Governments aim

to boost local competitiveness, to diversify hydrocarbons based economies by enhancing sectors like construction, transportation, logistics, tourism, and

services, and to intensify even more the movement of people and goods.

Road

Infrastructure

Road construction in MENA is particularly challenging due to the harsh natural conditions in the region - high temperatures, desert terrain and sand storms.

However, countries like Saudi Arabia have adopted sophisticated road construction methods and manage to build thousands of km of new roads despite

the obstacles. Due to the evident difference in economic development within the region and the related ability to invest in infrastructure, MENA is the home

of both countries that have high quality roads and such that have largely underdeveloped road networks.

Port

Infrastructure

With the exception of Iraq, all MENA countries under analysis have access to sea, and they have built a solid port infrastructure. By far, sea ports have

mainly supported the export of petrochemicals, and have also accommodated the export and import of foods, vehicles and other large cargoes. MENA is

the world’s most food import-dependent region. Countries like Jordan, Kuwait, Libya, Lebanon, Saudi Arabia, UAE, and Yemen import virtually their entire

domestic consumption of crops chiefly through sea transportation. However, as tourist flow to MENA countries is growing over the years, sea ports are

being adapted to accommodate large groups of cruise tourists, as well.

In 2013, Jebel Ali Port in Dubai was the 9th busiest port worldwide in terms of TEUs handled.

Air

Transport

Infrastructure

MENA is rapidly positioning itself as one of the world’s major air transportation hubs. The region offers large network of growingly sophisticated airport facilities. Moreover, anticipating fast growth of passengers travelling from, to and through the region, local governments are incessantly investing inincreased airport capacity. Regional competition on who is going to become the dominant air transport hub is heating up and airports that have just been extended announce new extension works to start shortly thereafter. In particular, the 20-month old Al Maktoum Intl Airport (Dubai, UAE) is currently

undergoing construction works to become the biggest airport in the world having annual capacity of 220 mn passengers. It is also noteworthy that another Emirati Airport, Dubai Intl, was the world’s busiest airport in terms of international passengers traffic between March 2014 and March 2015 (ACI data).

Railway

Infrastructure

Railways are the most underdeveloped transport infrastructure subsector in MENA. In 2015, only eight countries – Algeria (network in exploitation 3,854 km), Egypt (network of 5,153 km), Iran (network of 12,998 km), Iraq (network of 2,138 as of 2012), Jordan (Hejaz Railway network in exploitation 451.5 km), Morocco (network of 2,109 km), Saudi Arabia (network of approx. 1,380 km) and Syria (network of 2,139 km as of 2012) – have operational rail networks. Across the region, there are just a few international connections between major cities, like that between Damascus and Amman or Tehran in Iran, as noted by Blominvest Bank. However, major railway expansion projects are underway, including the construction of regional network connecting the six Gulf Council countries, as well as individual national programmes. Saudi Arabia, for instance, is planning to build a 9,900 km. network by 2040.



Source:

MENA Region: Quality of Overall Infrastructure

Quality of Overall Infrastructure Highlights

Overall, MENA countries under analysis have slightly

deteriorated their performance over 2011-2014 versus

2009-2011, and perform at average global levels during

the last two years, the World Economic Forum’s Executive

Opinion Survey infrastructure quality survey shows.

Business executives from UAE, Bahrain, Oman, Saudi,

Arabia, and Qatar perceive the overall infrastructure in

their countries as among the best in the world with

average 2009-2014 indices of 6.3, 5.8, 5.7, 5.6, and 5.4

respectively.

On the other hand, overall infrastructure in Yemen, Libya,

and Lebanon is considered to be significantly

underdeveloped with respective average 2009-2014

values of 2.7, 2.6, and 2.4.

Note: Information on Quality of Overall Infrastructure is provided

by World Economic Forum’s Executive Opinion Survey. This is

an index that measures business executives' perception of their

country's overall infrastructure (e.g. transport, telephony, and

energy).

The data for the latest year are combined with the data for the

previous year to create a two-year moving average.

Scores range from 1 (overall infrastructure considered extremely

underdeveloped) to 7 (overall infrastructure considered efficient

by international standards).

WEF, - * MENA Average is calculated for the 17 countries under analysis and excludes economies, that might be part of the region in other classifications.

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

MENA Average* 4.7 4.7 4.5 4.4 4.2

Global Average 4.3 4.3 4.3 4.3 4.2

Algeria 3.8 3.7 3.5 3.8 3.6

Bahrain 5.6 5.9 6.0 5.7 5.6

Egypt 4.3 3.9 3.8 3.3 2.9

Iran 4.0 4.0 4.2 4.2 3.9

Iraq n/a n/a n/a n/a n/a

Jordan 5.2 5.0 5.1 5.1 4.8

Kuwait 4.9 4.7 4.5 4.6 4.3

Lebanon 2.5 2.5 2.4 2.3 2.3

Libya 3.2 n/a 2.9 2.3 1.9

Morocco 4.1 4.3 4.8 4.9 4.6

Oman 5.8 5.9 5.8 5.8 5.4

Qatar 5.1 5.6 5.5 5.4 5.4

Saudi Arabia 5.5 5.6 5.8 5.7 5.2

Syria n/a n/a n/a n/a n/a

Tunisia 5.5 5.0 n/a 4.1 3.9

United Arab

Emirates 6.2 6.3 6.4 6.4 6.4

Yemen n/a 3.0 2.8 2.6 2.5



Highlights

Source:

MENA Region: Quality of Road Infrastructure

Quality of Road Infrastructure

Overall, the MENA countries under analysis fall slightly

below the global average of quality of road infrastructure,

according to the World Economic Forum’s Executive

Opinion Survey on road infrastructure quality.

However, economies like Bahrain, Oman, Qatar, Saudi

Arabia and UAE perform well above the MENA and global

averages. Over the 2007-2014 period, Bahrain registered

an average Road Quality Index of 5.6, Oman – of 6.3,

Qatar – of 5.0, Saudi Arabia – of 5.7, and UAE of 6.5.

Lebanon, Libya, and Yemen are the weakest performers in

the region with average 2007-2014 index values of

respectively 2.8, 2.7, and 2.6.

Note: Information on Quality of Road Infrastructure is provided by

World Economic Forum’s Executive Opinion Survey. This is an

index that measures business executives' perception of their

country's road infrastructure.



Scores range from 1 (road infrastructure considered extremely

underdeveloped) to 7 (road infrastructure considered efficient by

international standards).

WEF, - * MENA Average is calculated for the 17 countries under analysis and excludes economies, that might be part of the region in other

classifications.

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

MENA Average* 4.6 4.5 4.5 4.3 4.2

Global Average 4.7 4.7 4.6 4.4 4.4

Algeria 3.9 3.8 3.4 3.3 3.1

Bahrain 5.5 5.7 5.8 5.4 5.4

Egypt 3.7 3.4 2.9 2.7 2.9

Iran 3.7 3.8 4.0 4.1 4.1


Jordan 4.7 4.6 4.8 4.8 4.1

Kuwait 5.0 5.0 4.9 4.8 4.6

Lebanon 3.0 2.9 2.8 2.7 2.8

Libya 3.1 3.1 2.5 2.1

Morocco 3.4 3.4 4.0 4.5 4.5

Oman 6.2 6.4 6.4 6.4 6.0

Qatar 4.9 5.0 5.1 5.0 5.0

Saudi Arabia 5.5 5.8 6.0 5.8 5.3


Tunisia 5.1 4.6 n/a 3.8 3.7

United Arab

Emirates 6.3 6.3 6.5 6.6 6.6

Yemen n/a 2.9 2.7 2.4 2.5



Source:

MENA Region: Quality of Port Infrastructure

Quality of Port Infrastructure Highlights

Overall, MENA countries under analysis have performed

slightly above the global average over the 2009-2014

period, the WEF port infrastructure quality survey showed.

UAE, Bahrain, Oman, Qatar, and Saudi Arabia are

performing best in the region with average 2009-2014

indices of 6.3, 5.9, 5.4, 5.3, and 5.2 respectively.

In contrast, Libya, Algeria, and Yemen appear to have the

most underdeveloped port infrastructure in the region with

respective average 2009-2014 indices of 3.1, 2.9, and 2.9.

Note: Information on Quality of Port Infrastructure is provided

by World Economic Forum’s Executive Opinion Survey. This

is an index that measures business executives' perception of

their country's port infrastructure quality. Respondents in

landlocked countries have been asked how accessible port

facilities are.



Scores range from 1 (port infrastructure considered extremely

underdeveloped) to 7 (port infrastructure considered efficient

by international standards)

WEF, - *MENA Average is calculated for the 17 countries under analysis and excludes economies, that might be part of the region in other classifications.

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

MENA Average* 4.6 4.5 4.5 4.4 4.3

World Average 4.3 4.3 4.3 4.2 4.1

Algeria 3.2 3.0 2.7 2.7 2.8

Bahrain 5.8 6.0 6.0 5.8 5.7

Egypt 4.2 4.0 4.0 4.1 4.2

Iran 3.9 3.9 4.0 4.1 4.0


Jordan 4.4 4.3 4.4 4.5 4.1

Kuwait 4.4 4.2 4.1 4.1 3.9

Lebanon 4.5 4.3 4.1 4.3 4.1

Libya 3.2 n/a 3.5 3.0 2.6

Morocco 4.4 4.5 4.8 5.0 4.9

Oman 5.3 5.4 5.4 5.5 5.2

Qatar 5.4 5.4 5.2 5.2 5.4

Saudi Arabia 5.2 5.4 5.3 5.1 5.0

Syria 3.1 3.4 n/a n/a n/a

Tunisia 5.0 4.6 n/a 4.0 3.9

United Arab

Emirates 6.2 6.2 6.4 6.4 6.5

Yemen n/a 2.9 3.0 2.9 2.6



Source:

MENA Region: Ports Throughput

Container Port Traffic, TEUs thou

CEIC, World Bank, - *MENA Total is calculated for the 17 countries under analysis and excludes economies, that might be part of the region in other classifications.

2007 2008 2009 2010 2011 2012 2013

MENA Total* 32,077 37,141 37,669 41,187 45,222 47,105 49,667

Global Total 489,818 516,152 472,175 542,248 587,483 616,674 651,099

Algeria 200 225 250 280 296 318 343

Bahrain 239 269 280 290 306 329 355

Egypt 5,182 6,099 6,250 6,709 7,737 7,356 7,143

Iran 1,723 2,000 2,206 2,593 2,740 2,946 3,179

Iraq n/a n/a n/a n/a n/a n/a n/a

Jordan 414 583 675 619 654 703 759

Kuwait 900 962 854 992 1,048 1,127 1,216

Lebanon 948 862 995 949 1,034 883 1,117

Libya 122 175 159 185 195 370 435

Morocco n/a 919 1,222 2,058 2,083 1,800 2,500

Oman 2,877 3,428 3,768 3,893 3,633 4,167 3,930

Qatar 350 400 410 346 366 393 424

Saudi Arabia 4,209 4,652 4,431 5,313 5,695 6,564 6,742

Syria 539 611 685 649 686 737 796

Tunisia 421 425 419 466 493 530 572

United Arab Emirates 13,182 14,756 14,425 15,177 17,548 18,121 19,336

Yemen 773 775 640 669 707 760 820



Source:

MENA Region: Quality of Air Transport Infrastructure

Quality of Air Transport Infrastructure

In general, over the 2009-2013 period MENA countries

under analysis have performed above the global average

but their performance has deteriorated in 2013-2014 and

has evened the global mean of 4.4.

UAE, Qatar, Bahrain, and Saudi Arabia are considered to

have the best air transport infrastructure in the world with

average 2009-2014 indices of 6.6, 6, 5.8, and 5.4

respectively.

In contrast, Yemen, Iran, and Libya appear to have the

most underdeveloped airport infrastructure in the region

with respective average 2009-2014 indices of 3.1, 3.1,

and 2.9.

Note: Information on Quality of Air Transport Infrastructure is

provided by World Economic Forum’s Executive Opinion

Survey. This is an index that measures business executives'

perception of their country's air transport infrastructure

quality.



Scores range from 1 (air transport infrastructure considered

extremely underdeveloped) to 7 (air transport infrastructure

considered efficient by international standards)

WEF, - *MENA Average is calculated for the 17 countries under analysis and excludes economies, that might be part of the

region in other classifications.

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

MENA Average* 5.1 5.0 4.9 4.7 4.4

Global Average 4.7 4.7 4.6 4.4 4.4

Algeria 3.9 3.8 3.3 3.0 3.0

Bahrain 6.0 6.1 6.0 5.6 5.2

Egypt 5.5 5.3 5.0 4.8 4.6

Iran 3.0 2.9 3.1 3.3 3.2


Jordan 5.7 5.6 5.5 5.5 4.8

Kuwait 4.7 4.4 4.2 4.0 3.8

Lebanon 5.7 5.5 5.1 4.9 4.5

Libya 2.9 n/a 3.3 2.9 2.4

Morocco 4.7 4.8 5.1 5.0 4.8

Oman 5.5 5.5 5.5 5.5 5.1

Qatar 6.1 5.9 6.0 6.0 6.0

Saudi Arabia 5.4 5.6 5.7 5.4 5.1


Tunisia 5.6 3.7 n/a 4.5 4.2

United Arab

Emirates 6.6 6.5 6.6 6.7 6.7

Yemen n/a 4.0 3.5 2.7 2.3



Source:

MENA Region: Airport Capacity

Fastest Growing Airports in the Middle East 2014 vs. 2010, % capacity growth

Fastest Growing Airports in North Africa 2014 vs. 2010, % capacity growth

Biggest Airports in MENA, May 2014

Comments

www.routesonline.com, OAG, CAPA, ACI

Six of the biggest MENA airports in terms of seat capacity are situated in

UAE, Saudi Arabia, and Qatar. These are Dubai Intl Airport, Riyadh Intl

Airport, Jeddah Intl Airport, Doha Intl Airport, Dammam Intl Airport, and Abu

Dhabi Intl Airport.

Among them, Dubai Intl Airport (DXB) is a regional, but also a global leader

in international passenger traffic. The airport held the first place in the world

between March 2014 and March 2015, as reported by ACI.

UAE, Saudi Arabia, and Qatar are also home to 9 out of the 10 fastest

growing airports in the Middle East between 2010 and 2014.

However, the steepest growth in capacity in 2014 vs. 2010 in MENA is

registered outside of the Middle East. The Enfidha Airport in Tunisia that has

seen a major 791.4 % increase..

791.4%

346.9%86.9%

45.6%

33.7%

30.8%

27.4%

25.5%

18.3%

16.0%

Enfidha (NBE), Tunisia Alexandria (HBE), Egypt Rabat (RBA), Morocco

Benghazi (BEN), Libya Djerba (DJE), Tunisia Oran (ORN), Algeria

Constantine (CZL), Algeria Algiers (ALG), Algeria Hurghada (HRG), Egypt

Tunis (TUN), Tunisia

157.7%

118.9%76.4%

65.6%58.9%

55.9%

44.2%

40.7%

38.6%27.0%

Baghdad (BGW), Iraq Madinah (MED), Saudi Arabia

Abha (AHB), Saudi Arabia Abu Dhabi (AUH), UAE

Doha (DOH), Qatar Jeddah (JED), Saudi Arabia

Dubai (DXB), UAE Dammam (DMM), Saudi Arabia

Sharjah (SHJ), UAE Riyadh (RUH), Saudi Arabia

Ranking Airport Name Country Seats

1 Dubai Intl Airport United Arab Emirates 471,488

2 Riyadh King Khaled Intl Airport Saudi Arabia 344,894

3 Jeddah King Abdulaziz Intl

Airport

Saudi Arabia 331,416

4 Doha Intl Airport Qatar 246,592

5 Tehran Mehrabad Airport Iran 212,910

6 Kuwait Intl Airport Kuwait 171,812

7 Bahrain Intl Airport Bahrain 160,567

8 Dammam King Fahd Intl Airport Saudi Arabia 137,446

9 Abu Dhabi Intl Airport United Arab Emirates 109,739

10 Amman Queen Alia Intl Airport Jordan 104,187

http://www.routesonline.com/



Source:

MENA Region: Quality of Railroad Infrastructure

Quality of Railroad Infrastructure

Railroad infrastructure is considered to be unsatisfyingly

developed both on the global and the regional level.

Overall, MENA average between 2009 and 2014 is

slightly below the global one for the same period.

Many of the countries in the region do not have operating

railroads, and are currently constructing them. As of June

2015, some of the major MENA railroad infrastructure

projects are being executed in UAE, Bahrain, Saudi

Arabia, Oman, Qatar, and Kuwait .

Note: Information on Quality of Railroad Infrastructure is

provided by World Economic Forum’s Executive Opinion

Survey. This is an index that measures business executives'

perception of their country's railroad infrastructure quality.



Scores range from 1 (railroad infrastructure considered

extremely underdeveloped) to 7 (railroad infrastructure

considered efficient by international standards)

EMIS Insight, UNCTAD, - *MENA Average is calculated for the 17 countries under analysis and excludes economies, that might be part of the region in other classifications.

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

MENA Average* 2.9 2.7 2.7 3.0 3.0

Global Average 3.2 3.1 3.1 3.2 3.3

Algeria 2.7 2.6 2.0 2.3 2.7

Bahrain n/appl. n/appl. n/appl. n/appl. n/appl.

Egypt 3.4 3.2 3.1 2.7 2.4

Iran 3.2 3.2 3.4 3.5 3.4


Jordan 1.6 1.5 1.9 2.0 2.2

Kuwait n/appl. n/appl. n/appl. n/appl. n/appl.

Lebanon 1.0 1.0 1.0 n/a n/a

Libya n/appl. n/appl. n/appl. n/appl. n/appl.

Morocco 3.7 3.6 3.9 3.9 3.9

Oman n/appl. n/appl. n/appl. n/appl. n/appl.

Qatar n/appl. n/appl. n/appl. n/appl. n/appl.

Saudi Arabia 3.6 4.0 3.7 3.4 3.1


Tunisia 4.2 n/a n/a 3.4 3.3

United Arab

Emiratesn/appl. n/appl. n/appl. n/appl. n/appl.

Yemen n/appl. n/appl. n/appl. n/appl. n/appl.



Source:

GCC Regional Railway Project

Participants’

Progress

In March 2015, Rail Journal reported the following progress made by the countries that are part of the

project:

Kuwait’s Municipal Council approved the construction of the Kuwaiti section of the GCC rail network In

January 2015. By the same time, consultants have been prequalified for the design work. Construction is

expected to begin in 2016.

A study will be completed in June 2015 for a railway causeway linking Dammam in Saudi Arabia with

Bahrain where two stations are planned.

In the first half of 2015, Qatar should receive bids to prequalify design and construction works for the

connection from Doha to the Saudi border. Notably, Qatari Government has asked for re-alignment of

the route to avoid a military base.

Oman is expected to award civil works contracts for its initial 207 km phase by the end of the 2015.

Etihad Rail has already completed its 120 km coastal section in the United Arab Emirates. The second

phase of works, when the remaining 564 km of the GCC will be built, is in tendering stage.

Saudi Arabia is responsible for two projects and 663 km of the total network, including the Ras Al Khair

to Jubail section which is currently under construction. The plan is to extend this line north to Al Khafji

and Kuwait, and south to Damman.

The Gulf Council Countries - UAE,

Bahrain, Saudi Arabia, Oman, Qatar,

and Kuwait – have engaged in a

regional railway project that will begin

at Kuwait and run to Muscat in Oman

via Saudi Arabia, Bahrain, Qatar and

UAE. With expected cost of USD 15

bn, the project should be completed

by 2018 and foresees the

construction of 2,117 km rail track. It

is allocated to portions of 663 km in

Saudi Arabia, 684 km in the UAE, 306

km in Oman, 283 km in Qatar, 145

km in Kuwait, and 36 km in Bahrain.

The newly built network should boost

investments in the region by providing

improved links to industrial areas,

better access to materials, and

facilitated movement of citizens and

residents.Challenges

The project might not be finished in time as there are numerous challenges in front of the participating

countries.

For instance, the majority of them are not experienced in railway construction. Saudi Arabia is the only

Gulf Council member with pre-existing railway infrastructure.

Additionally, the GCC regional project accounts for the smaller portion of USD 15bn out of a total

investment of USD 200bn in individual GCC railway projects. As a consequence, there will be high

regional demand for construction equipment, skilled workers, project managers, and engineers and it will

be difficult to allocate the limited capital and human resources among all six countries.

Given the projected increase of demand, prices for materials like steel rails, cement and cabling are set

to rise as well which will probably increase project cost.

Rail Journal, Saudi Railways

II. Qatar



Qatar: Sector Highlights

Although it has only one international airport – Doha Hamad International Airport – the country is among the top performers in the world and certainly in MENA,ranking second after UAE. According to CAPA, in May 2014, Doha Hamad International Airport was the 4th largest in MENA in terms of seat capacity as it offeredalmost 245 thou seats. It was the fifth fastest growing airport in the Middle East between 2010 and 2014, increasing its capacity by about 60% (OAG data).

Given the sheer scale of airport infrastructure projects, the subsector will account for some 22.5% of the transport infrastructure industry over the 2013-2018 period.However, BMI Research experts project a 7.5% real decline on the year in air transport infrastructure in 2015, since the year will not see any significant airportdevelopment works. In 2016-2018, an average 8.5% annual increase is anticipated as the Doha Hamad International Airport is set to expand its current capacity of30 million to 50 million annual passengers per annum.

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Qatar ranked12th out of 144 economies in terms of air transport infrastructure quality.

Thanks to its advanced port facilities, the country has registered the third highest score in MENA, just after UAE and Bahrain. Over the 2013-2018 horizon, port

infrastructure industry in Qatar is expected to grow by 10.1% on average, contributing about 21.2% to the overall transport infrastructure industry.

Port infrastructure includes 4 main ports – Doha, Mesaieed, Halul, and Ras Laffan. The new port south of Doha should be operational in 2016, providing increased

general cargo, grains, vehicles, and livestock port capacity. BMI Research projects a 36% growth of tonnage throughput and a 16% growth of container throughput at

Doha port in 2015. In the mid-term, tonnage throughput is expected to increase and container throughput is to grow by 96% (including operations at the New Doha

Port from 2016 onwards). Some of the major factors that will fuel throughput increase are the expected provision of heavy materials to support Qatari infrastructure

mega projects and the increased participation of the country in the regional trade among Middle East economies.In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Qatar ranked 24th out of 144 economies in terms of port infrastructure quality.

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Qatar ranked 34th out of 144 economies in terms of road infrastructure quality, meaning that

the country offers well developed road network with high-quality facilities. The subsector accounts for the greatest share of the overall transport infrastructure in

Qatar and is expected to grow by 10.8% y-o-y on average over the 2013-2018 period.

In 2013, the country had a road network of 9,592 km and the second highest road density in the MENA region at 0.83 km/sq.km of land area. The country has

constructed 602 km of roads in 2013 and continues to invest heavily in road works. In preparation for the World 2022 Soccer Cup, Qatar is currently executing road

projects amounting to USD 16.4bn with focus on highway carriages of which around 350 km are to be built by 2017. The Expressway Programme aims to increase

the weight of primary roads in the total road network distribution as they accounted for mere 10.6% in 2013.

Road Infrastructure

Port Infrastructure

Air Transport Infrastructure



Source:

Comments

Qatar: Economic Indicators

The Qatari economy grew at the impressive CAGR of 9.7% over the 2009-2014 period. BMI Research experts maintain a positive forecast for 2015 with a real GDP y-o-y growth at 6.6%. Growth is mainly attributed to investment spending, especially in transport projects, expansionary fiscal stance, and population growth, as explained by Qatari ministry of development planning and statistics. Naturally, continuously falling oil prices are a key risk to the economic outlook of Qatar, the country being a major oil and gas exporter. However, the ministry considers state finances as a sufficiently strong to shield the wider economy in 2015 with a fiscal surplus of 8.7% of GDP. According to BMI Research, Inflation rate is expected to rise at 3.8% y-o-y in 2015.

Selected Economic Indicators

CEIC, World Bank, Ministry of Development Planning and Statistics – Qatar, IMF, Reuters, - * BMI estimates

2009 2010 2011 2012 2013 2014

GDP, constant prices 2005 (USD bn) 87 102 115 122 130 137.9e*

GDP, constant prices 2004 (QAR bn) 243 284 321 341 362 384

GDP, current prices (USD bn) 98 125 170 190 203 211.7e*

GDP, current prices (QAR bn) 356 455 618 693 740 771

GDP Growth Rate (%) 12.0 16.7 13.0 6.0 6.3 6.2e*

Foreign Direct Investment, net inflows (USD bn, current) 8.1 4.7 (0.1) 0.3 (0.8) n/a

Consumer Price Index (%) (4.9) (2.4) 1.9 1.9 3.1 3.0



Source:

Comments

Qatar: Transport Infrastructure Indicators

Qatar has entered a phase of massive spending on transport infrastructure. Government investments in the sector aim to diversify the oil-dominated Qatari economy, to improve

Qatar’s connection to global trade networks, and to prepare the country for the upcoming 2022 FIFA World Cup.

BMI Research experts thus project an average transport infrastructure real y-o-y growth of 8.9% over the 2015-2018 period. Among subsectors, roads and bridges construction has

the highest share in total transport infrastructure at an average of 55.4% between 2013 and 2018. Airport infrastructure ranks second as it is expected to hold average share of

22.5%, closely followed by ports, harbours and waterways with 21.2% average contribution to the overall transport infrastructure. Railways construction is the smallest subsector,

accounting for 1% of the transport infrastructure industry over the 2013-2018 horizon. However, being significantly underdeveloped, this sector is expected to grow the fastest as

Qatar plans 350 km railroads expansion between 2015 and 2030. Hence, BMI Research experts foresee railways infrastructure average annual growth of some 10.4% over the

2013-2018 period.

Transport Infrastructure Indicators

BMI, EMIS Insight

2013 2014e 2015f 2016f 2017f 2018f

Transport Infrastructure Industry Value, USD bn 2.17 2.45 2.72 3.12 3.57 4.05

Transport Infrastructure Industry Value Real Growth, % y-o-y 9.00 9.40 6.30 10.20 10.20 8.70

Roads and Bridges Infrastructure Industry Value, % of transport infrastructure 52.40 53.80 55.80 56.50 57.10 57.00

Roads and Bridges Infrastructure Industry Value, USD bn 1.14 1.32 1.52 1.76 2.04 2.31

Roads and Bridges Infrastructure Industry Value Real Growth, % y-o-y 9.90 12.40 10.50 11.50 11.50 8.50

Ports, Harbours and Waterways Infrastructure Industry Value, % of transport infrastructure 20.20 20.80 21.80 21.60 21.30 21.20

Ports, Harbours and Waterways Infrastructure Industry Value, USD bn 0.44 0.51 0.59 0.67 0.76 0.86

Ports, Harbours and Waterways Infrastructure Industry Value Real Growth, % y-o-y 9.90 12.90 11.50 9.50 8.50 8.10

Airports Infrastructure Industry Value, % of transport infrastructure 26.50 24.50 21.40 20.90 20.60 20.80

Airports Infrastructure Industry Value, USD bn 0.57 0.60 0.58 0.65 0.74 0.84

Airports Infrastructure Industry Value Real Growth, % y-o-y 6.90 0.90 -7.50 7.50 8.50 9.50

Railways Infrastructure Industry Value, % of transport infrastructure 0.90 0.90 1.00 1.00 1.00 1.10

Railways Infrastructure Industry Value, USD bn 0.02 0.02 0.03 0.03 0.04 0.04

Railways Infrastructure Industry Value Real Growth, % y-o-y 1.90 10.40 10.50 11.50 12.50 15.50



Source:

Qatar: Transport Infrastructure Indicators (cont’d)

Real Growth of Transport Infrastructure Subsectors

Subsector Value, USD bn

BMI Research, EMIS Insight

9.9%12.4%

10.5%

11.5%

11.5%

8.5%9.9%

12.9%

11.5%

9.5% 8.5%

8.1%6.9%

0.9%

-7.5%

7.5% 8.5%

9.5%

1.9%

10.4%10.5%

11.5%12.5%

15.5%

2013 2014e 2015f 2016f 2017f 2018f

Roads&bridges infrastructure real growth, % y-o-y Ports, harbours and waterways infrastructure real growth, % y-o-y

Airports infrastructure real growth, % y-o-y Railways infrastructure real growth, % y-o-y

1.14 1.32 1.52 1.76 2.04 2.310.44

0.510.59

0.670.76

0.86

0.570.60

0.580.65

0.740.84

0.020.02

0.03

0.030.04

0.042.17 2.45 2.72 3.11 3.58 4.05

2013 2014e 2015f 2016f 2017f 2018f

Railways

Airports

Ports, Harbours andWaterways

Roads and bridges

Total



Source:

Qatar: Quality of Infrastructure

Quality of Road Infrastructure*

Quality of Air Transport Infrastructure*

Quality of Port Infrastructure*

Quality of Overall Infrastructure*

WEF, - * The indices range from 1 to 7, with a higher score representing better performance.

4.3 4.3 4.3 4.34.2

4.7 4.74.5

4.4

4.2

5.1

5.65.5

5.4 5.4

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Global average MENA average Qatar

4.7 4.74.6

4.4 4.4

5.15.0

4.9

4.7

4.4

5.4 5.4

5.2 5.2

5.4

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


4.3 4.3 4.3 4.24.1

4.6 4.5 4.5 4.44.3

5.4 5.4

5.2 5.2

5.4

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


4.0 4.0 4.0 4.0 4.0

4.64.5 4.5

4.34.2

4.95.0

5.15.0 5.0

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014




Source:

Qatar: Road Infrastructure

Road Network (km) and Road Density (km/sq.km of land area)

Road Network by Type of Road, 2013

Ministry of Development Planning and Statistics, Qatar

Primary Roads10.6%Secondary

Roads 10.1%

Third-class Roads 11.9%

Local Roads67.4%

9,96

6

9,83

0

9,12

5

8,98

0 9,59

2

0.86 0.850.79 0.77

0.83

2009 2010 2011 2012 2013

Road length Road density



Source:

Qatar: Port Infrastructure

Ports in Qatar

www.findaport.com, Qatar Petroleum

Port NameUN/

LOCODELocation Overview Maximum size

Doha Port QADOH The central eastern coast

of Qatar, in the south of

the Gulf.

Port handles general cargo, Ro-Ro, passengers and containers. Port is operated and managed by

Qatar Navigation QSC (Milaha).

Channel: LOA 215 m., depth 10.55 m.

Containers: LOA 200 m., draft 9.5 m.

Passengers: LOA 200 m.,

draft 8.3 m.

Ro-Ro: LOA 200 m., draft 9.5 m.

Bulk: Depth 10.0 m

Mesaieed Port QAUMS The eastern coast of

Qatar, approx. 20 nautical

miles south of Doha.

Multipurpose port, handles oil, LPG, petrochemicals, fertiliser, bulk and general cargo. The port is

managed and administered by Qatar Petroleum, although a number of other private companies

operate terminals in the port.

Dry Cargo: LOA 240 m., depth 15.0 m.

Containers: 40,000 d.w.t., LOA 185 m.,

depth 12.0 m.

Bulk: 133,000 d.w.t., LOA 270 m., beam 40.0 m.,

depth 15.0 m.Tankers: 320,000 d.w.t.,

LOA 340 m., beam 60.0 m.,

depth 19.5 m.Chemicals: 60,000 d.w.t.,

LOA 235 m., depth 13.0 m.Gas: LOA 290 m.,

depth 12.8 m.

Halul Port QAHAL The port is situated on

the Halul island which is

52 nautical miles north-

east of Doha.

The Terminal serves as export terminal for Qatari marine crude oil, which is produced from the

offshore oilfields area. It disposes of 2 crude oil loading points - both are single buoy moorings. The

port is managed and operated by Qatar Petroleum.

Crude: 550,000 d.w.t., draft 29.0 m.

Ras Laffan Port QARLF On the north-eastern

coast of Qatar, 40

nautical miles north of

Doha.

Purpose-built port, designed as an export facility for LNG, LPG, condensate, GTL products, pygas,

refinery products and sulphur derived from the processing of gas. Ras Laffan port disposes of an

offshore terminal situated in Qatari national waters at 25 nautical miles east of the port entrance and

disposing of 2 single-point moorings. QARLF is operated by Qatar Petroleum.

Dry Cargo: Displacement 60,000 tonnes, LOA

180 m., draft 12.5 m. Bulk: 60,000 d.w.t., LOA

180 m., draft 12.5 m. Tankers: Displacement

320,000 tonnes, LOA 335 m., draft 22.0 m.

Products: Displacement 152,000 tonnes, LOA

335 m., draft 12.5 m. Gas: Displacement 185,000

tonnes, LOA 345 m., draft 12.5 m.

Al Shaheen Terminal QAASN In Qatari national waters,

approx. 80 nautical miles

nort-northeast of Doha.

The terminal consists of Floating Storage and Offloading (FSO) units moored to Single Point Moorings

(SPMs). The FSOs are equipped for crude oil transfer to export vessels in tandem or ship-to-ship

(STS) operation concurrently with crude oil import and decanted/produced water export.

Crude: No limit

Al Rayaan Terminal QARYN In Qatari national waters,


off the northern coast of

Qatar.

The terminal consists of the storage tanker (FSO) ``Falcon Spirit'', which is moored to a Single Point

Mooring (SPM). Routinely, export tankers berth at the storage tanker in tandem mode. The storage

tanker receives Al Rayyan crude oil through a pipeline from a jack-up production facility, located

approx. 2 n.m. to the south-southwest.

Tankers: 320,000 d.w.t., draft 21.0 m.

http://www.findaport.com/



Source:

Qatar: Ports Throughput

Vessel Movement at Qatari Ports, 2014

Vessels’ Net Tonnage by Port, 2014

Container Port Traffic, TEU (20 foot equivalent units)

Comments

CEIC, World Bank, Ministry of Development Planning and Statistics, Qatar

In 2014 the vessel throughput at Qatari ports totalled 5,650 units,

registering a 4.5% y-o-y decrease. However, annual net tonnage

throughput has increased significantly by 13.8% y-o-y.

In 2014, Ras Laffan remained the busiest Qatari port in terms of

number and net tonnage of vessels because it accommodates the

export of natural gas – a key activity that dominates the shipping

sector in the country.

410,

000

346,

000

365,

722

393,

151

424,

210

-15.6%

5.7%7.5% 7.5% 7.9%

2009 2010 2011 2012 2013

Container port traffic, TEUs YoY change

1,43

3

1,87

8

111

2,22

8

5,65

0

-6.2% -6.9%

4.7%

-1.8%

-4.5%

Doha Port Mesaieed Port Halul Port Ras LaffanPort

Total

No of vessels YoY change

12,1

80

30,1

71

11,0

03

101,

722

155,

076

29.7%

6.0%10.8%

14.9% 13.8%

Doha Port Mesaieed Port Halul Port Ras LaffanPort

Total

Net Tonnage, thou tonnes YoY change



Source:

Qatar: Air Transportation Infrastructure

Airports in Qatar

Doha Hamad International Airport Throughput

Ministry of Development Planning and Statistics – Qatar, Airport Data, - * Passenger throughput includes arrivals and departures and excludes transit passengers.

Airport NameIATA

CodeNear city Terminals and other facilities Runway ID and length

Airport Annual

Throughput*

Doha Hamad International Airport DOH Doha Airport's passenger terminal covers 600,000 sq.

m. It offers 25,000 sq.m. of retail space and

15,000 sq.m. dedicated to food&beverages.

There are 138 check-in counters.

Eastern runway: 4.85 km. long

Western runway: 4.25 km. long

In 2013: 23.4 mn passengers,

865,669 tonnes of cargo &

168,762 flights.

15,8

59

18,3

05

n/a

23,3

89

26,7

02

699

812

845

866

n/a

118

137

156

168

2010 2011 2012 2013 2014

Passenger traffic, thou people Cargo&mail traffic, thou tonnes Aircraft movement, thou units



Source:

Qatar: Investment Climate

FDI

Regime

FDI regime is primarily regulated by Investment Law No. 13/2000. It generally limits foreign investments to 49% of the capital for most business

activities, with a Qatari partner(s) holding at least 51%. Gulf Cooperation Council nationals are treated as Qatari citizens in the ownership of

companies listed on Qatar Exchange. However, the law allows, upon obtaining special government approval, up to 100% ownership by foreign

investors in certain sectors, including: agriculture, industry, health, education, tourism, development and exploitation of natural resources, energy,

mining, banking, insurance, business consultancy & technical services, information & communication services, cultural services, sports services,

entertainment services, and distribution services. Meanwhile, certain sectors are not open for domestic or foreign competition, including public

transportation, electricity and water, steel, cement, and fuel distribution and marketing. In these sectors, a single semi-public company has complete

or predominant market control.

A majority foreign stake in a project could be obtained only if the project fits into the country's development plans. In addition, preference is given to

projects that use raw materials available in the local market, manufacture products for export, produce a new product or use advanced technology,

facilitate the transfer of technology and know-how to the Qataris, and promotes the development of national human resources.

In bids for government procurement the country treats preferentially suppliers that use local content. As a rule, participation in tenders with a value of

QAR 1 mn or less is confined to local contractors registered by the Qatar Chamber of Commerce, and tenders with a value of more than this amount

do not require any local commercial registration to participate, but in practice certain exceptions exist.

Right to

Private

Ownership

and

Establishment

The establishment of all private business entities in Qatar is regulated by the Commercial Companies Law, Law No. 5/2002.

Law No.15/1990 prohibits that foreign investors engage in a joint stock company with Qatari partners. As a consequence, joint ventures involving

foreign partners are usually established as limited liability partnerships. Foreign partners in ventures organised as limited liability partnerships must

pay the full amount of their contribution to capital in cash, or in kind, prior to the start of operations. Usually, such firms are required to set aside 10

percent of profits each year in a statutory reserve until it equals 50 percent of the venture's authorised capital. This requirement is the only legal

restriction to a foreign company desiring to repatriate all of its annual profit after tax deduction.

Since August 2014 foreign investors can hold up to a combined total of 49% of the shares of Qatari companies listed on the Qatari Exchange.

Upon government approval, non-Qataris may have the right of land use over real estate for a renewable term of 99 years.

Depending on the case, foreign investors might be offered incentives that include natural gas priced at 60-75 USD cents per MBTU (Million British

Thermal Units); electricity offered at less than 2 U.S. cents per KWH; Industrial land offered at 27 U.S. cents per sq.m. per year for a period of 50

years, including options for renewing the lease; exemption from customs duties on imports of machinery, equipment and spare parts; exemption on

export duties; exemption from corporate taxes for up to 10 years and from income taxes; low cost financing through Qatar Development Bank

(QDB); and flexible immigration and employment rules to enable the import of foreign labour.

US Department of State, May 2015



Source:

Qatar: Investment Climate (cont’d)

Tax Rates

and

Access to

Credit

.

Dispute

Settlement

Being a signatory to the 1958 New York Convention and a member of the International Center for the Settlement of Investment Disputes (ICSID),

Qatar accepts binding international arbitration in case of investment disputes.

Qatari legal establishments that facilitate dispute settlement feature the Alternative Dispute Resolution (ADR) Centre that is primarily concerned with

commercial matters arising from within the Qatar Financial Centre (QFC), as well as the International Court and Dispute Resolution Centre.

There is no set duration for dispute resolution and the time to obtain a resolution depends on the case. The Qatar International Court and Dispute

Resolution Centre publishes past judgments on its website, which may be used as a reference: http://www.qfccourt.com/Judgement.html.

Labour

Conditions

Qatar's labor force consists primarily of expatriate workers. As of February 2015 non-Qatari residents are estimated to be around 89% of the

population in the country, making up for one of the world’s highest ratios of migrant workers to population. The largest group of foreign workers

comes from the Indian sub-continent.

All expatriate labour must have a Qatari sponsor. Therefore, foreign investors should start discussing labour visa issues with their sponsors/local

agents/partners in the early stages of contract negotiation. In order to bring an expatriate employee into the country, sponsors must submit a request

to the Ministry of Labor. It controls the number of workers that may come to Qatar through a quota system. The country has labor agreements with

some countries that stipulate a minimum wage for certain types of work, but in general minimum wage is not regulated by the government.Since

2004 Qatari citizens have the right to form workers' committees in private enterprises with more than 100 Qatari citizen workers. Non-citizens are not

eligible to form worker committees. Workers in the government sector, regardless of their nationality, are not allowed to join unions.Under the labor

law, workers are granted the right to bargain collectively and to sign joint agreements. However, collective bargaining is not freely practiced, and the

US Department of State reports that there are no workers employed under collective bargaining contracts.


Since 2010, all non-Qatari companies and foreign partners in Qatari companies are subject to a 10% (corporate) flat rate. The only exception is in the

energy sector where there is a 35% tax rate on all oil and gas operations, unless exempted by Emiri Decree. Qatari nationals do not pay any kind of

corporate or income tax, except the “zakat” that amounts to around 2.5 percent of profits.

Under Law No. 13/2000, the Ministry of Finance may grant a tax holiday of up to 10 years for new foreign investments in key sectors. Other

exemptions may be granted under Law No. 21/2009 on a case-by-case basis for a period up to 6 years.

There is no restriction on the flow of capital. Loans are allocated on market terms, and the US Department of State reports that foreign companies are

essentially treated the same as the local ones. Almost all import transactions are controlled by standard letters of credit processed by local banks and

their correspondent banks in the exporting countries. Credit facilities are provided to local and foreign investors within the framework of standard

international banking practices. Foreign investors are usually required to have a guarantee from their local sponsor/local equity partner.



Source:

Qatar: Government Infrastructure Projects

Massive

Spending

on

Transport

Infrastructure

Projects

The development of the transport infrastructure sector is a strategic priority for Qatar. The country has entered a phase of massive

spending on transport projects. Business media MEED experts expect more than USD 35.8bn worth of transport project contracts to

be awarded in 2015-2017 as Qatar builds the infrastructure it needs to deliver for the 2022 FIFA World Cup and beyond. Currently,

Qatar is executing major projects in all transport subsectors. One of the most important developments is the New Port near Doha since

it will serve as a major facility to accommodate the import of heavy materials that are necessary for the other mega infrastructure

projects and cannot be transported via road or air.

Road

Infrastructure

Qatar's Public Works Authority (Ashghal) has initiated an extensive Expressway Programme that consist of 10 projects in progress as

of May 2015 at a total cost of approximately USD 10.25 bn. As of January 2015, the approximately USD 12 bn Sharq road project,

consisting of 12 km. series of tunnels and bridges connecting HIA, Katara Cultural Village and the Dafna/West Bay business district of

Doha, whose construction was supposed to start in 2015, has been postponed.

Some of the major road developments under construction are presented in the Appendix of the present report.

Port

Infrastructure

As of May 2015, contracts worth USD 5.2bn have been awarded for the construction of a new port south of Doha. The project is expected to be completed in 2016 and is estimated to cost USD 7.4bn. It will consist of 26 sq km port site with per annum capacity of 1.7 mn tonnes of general cargo, 1 mn tonnes of grains, 500 000 vehicles, and 37 500 tonnes of livestock. The port basin will be approximately 3.8 km long, 700 m wide and 17 m deep. In addition, a new base for the Qatar Emiri Naval Forces (QENF) will be built offshore of the new port to provide technical and logistic support. The Qatar Economic Zone 3 (QEZ3) will also be located adjacent to the port. As of May 2015, the port site is 67% completed, while the QENF base is 17% ready and the QEZ3 is 62% finished. A majorcontract award by Q2 2015 will be for the construction of 225 buildings in the naval base. The contract for the construction of security facilities to serve the naval base is also expected. Qatari Government has stipulated that at least 50% of the work on the new port project should be awarded to domestic contractors.

MEED, Systra Group, New Port Project, Oxford Business Group, Ashghal, Doha News, J&P Group, Construction Week Online, Technical Review Middle

East



Source:

Qatar: Government Infrastructure Projects (cont’d)

Air

Transport

Infrastructure

In 2014, Qatar completed its USD 15bn Hamad International Airport with a total area of 29 sq km. The new airport replaces Doha International Airport and thus becomes the only Qatari international airport. The passenger terminal is spread over an internal area of 600,000 square meters and has three concourses and 33 contact gates with capacity of 30 million annual passengers. Foster + Partners is finalising design plans to expand the passenger terminal. The extension will increase the size of the passenger terminal to approximately 900,000 sq m and will add 24 plane gates. Upon completion of the extension project, HIA will have annual capacity of 50 million passengers, 2 million tonnes of cargo and 320,000 aircraft landings and take-offs.

Bids for the project will be invited once the design is finalised.

Railway

Infrastructure

The future passenger and freight railway network will connect key Qatari sites like Doha, Mesaieed Port, Ras Laffan, Dukhan, and Al Shamal and will also contribute to the regional GCC network through its connections to Saudi Arabia and Bahrain. The USD 28.8bn network will extend to 350 km at a speed of about 220-270 km/h for passenger trains and 120 km/h for freight trains. It will be built in four phases between 2015 and 2030. Phase 1 foresees the construction of approximately 143 km of operational railway track with 34 turnouts (main tracks), one station, three freight yards, one intermodal yard, 59 bridges and 36 culverts (a tunnel for a road or drain going under a road or railroad). In February 2015, Qatar Rail launched a new prequalification process for the civil works on the first phase. Upon completion, the network will consist of five lines - freight line from Mesaieed Port to Ras Laffan, mixed line (passenger and freight) from Doha to Dukhan, mixed line from Doha to Al Shamal, mixed line from Doha to Saudi Arabia, and high speed passenger line from Doha to Bahrain.

Public

Transport

Infrastructure

The construction of the Doha Metro is an extensive project that is expected to be completed in 2026 at an estimated cost of USD 36

bn. Running underground as well as at elevated and at-grade levels, it will consist of four lines – Red (Coast) Line, Green (Education)

Line, Gold (Historic) Line, and Blue (City) Line. Upon completion, the metro network will span approximately 230 km and will include

107 stations. During the first phase 37 stations will be constructed and over 86.5 km of track will be laid by 2019. In the second phase

(2020 – 2026), 70 stations and some 146 km of track will be added to the network.

In addition, a light rail network will be built to connect Lusail City in the northern outskirts of Doha to the capital city. The EUR 2.5bn

network will have a length of 34 km and will have 4 lines and 38 stations at at-grade and underground levels. The first line should be

operational by 2018, while the remaining three lines are to be completed by 2020

Airport Technology, HIA, BMI Research, Qatar Rail, Railway Technology, Railway Gazette, Gulf Business



Source:

Qatar: Biggest Infrastructure Projects

Distribution of Top 10 Biggest Projects by Value

Infrastructure Projects in Top 10 Biggest Projects, Q1 2015

Number and Industries of Top 10 Biggest Projects

EMIS Insight, MEED

Transportation 75.8%

Other industries

24.2%

Project Client Contract

Value,

USD mn

Award Year Expected

Completion

Qatar Integrated Rail Project: Doha Metro: Systems, Rolling Stock and Track Work Qatar Rail 4,129 2015 2017

Qatar Integrated Rail Project: Doha Metro: Gold Line: Tunneling Works Qatar Rail 3,300 2014 2018

Qatar Integrated Rail Project: LRT: Lusail Light Rail: Phase 2 Qatar Rail 2,722 2014 2018

Qatar Integrated Rail Project: Doha Metro: Green Line: Tunneling & Main Stations Works Qatar Rail 2,520 2013 2018

Qatar Integrated Rail Project: Doha Metro: Red Line North: Tunneling Works Qatar Rail 2,184 2013 2017

Expressway Programme: New Orbital Highway & Truck Route: Contract 3 Qatar Public Works Authority 1,691 2014 2017

Qatar Integrated Rail Project: Doha Metro: Red Line South: Tunneling Works Qatar Rail 1,500 2013 2018

7

1 1 1

Transportation Construction Power Gas

Number of projects



III. Saudi Arabia



Saudi Arabia: Sector Highlights

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Saudi Arabia ranked 26th out of 144 economies in terms of road infrastructure quality. In 2014 Saudi

Government announced plans to build USD 2.7 bn roads in Asir, Jazan, and Makkah regions. Besides those, road construction projects with total value of about USD 1.7 bn are

underway at different stages of execution, as of June 2015.

In 2013 Saudi Arabia had a road network of 202,246 km of which 61,376 km are paved. The country harsh climate and terrain pose serious obstacles to road construction. Despite

the remarkable 3,064 km of road that were constructed in 2013, Saudi Arabia still had one of the lowest road densities in the MENA region at 0.09 km/sq.km of land area. In 2013,

Riyadh, Madinah, Asir, and Qaseem were the regions with highest weight of new rural road developments and also with the densest network in general.

Road Infrastructure


The main ports in the country are Jeddah Port, Jubail Industrial, Yanbu Industrial, and Dammam. They account for about 93% of total cargo throughput over the

2010-2014 period.

There is a positive outlook in terms of port infrastructure as Saudi government has earmarked around USD 30 bn to expand the Red Sea Gateway Terminal at

Jeddah Port, the seaport at King Abdullah Economic City, and the Dareen Port.

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Saudi Arabia ranked 40th out of 144 economies in terms of port infrastructure quality.

This rather low ranking is attributed despite the extremely vast network of airports in the country, consisting of 4 international and 23 regional/domestic facilities. In May 2014, three

out of the four international Saudi airports have found their place in the top 10 biggest MENA airports by seat capacity – Riyadh King Khalid Intl Airport, Jeddah King Abdulaziz Intl

Airport, and Dammam King Fahd Intl Airport. Over the 2010-2014 period, Madinah airport has increased its capacity by 156%, Abha – by 119%, Jeddah – by 56%, Dammam – by

41%, and Riyadh – by 27%. They all have found place in top 10 fastest growing airports in the Middle East.

Investments in increased airport capacity that are outlined in the government policy section of the current report set continuous positive outlook for the Saudi air infrastructure

sector. In the 2013-2014 World Economic Forum’s Executive Opinion Survey, Saudi Arabia ranked 41st out of 144 economies in terms of air transport infrastructure quality.

Saudi Arabia is among the few countries in MENA that has operating railway system as at 2014. In the 2013-2014 World Economic Forum’s Executive Opinion

Survey, the country ranked 50th out of 144 economies in terms of railway transport infrastructure quality.

Currently, Saudi railway network consists of approximately 1,380 km of which 449 km are a passenger line, 556 km are a cargo line connecting King Abdulaziz

Port to Riyadh, and 373 km are branch lines that connect industrial, agricultural and military sites. The railway infrastructure will develop at a huge pace in the

years to come as Saudi Government has adopted an enormous USD 97 bn plan to expand its national railway network to 9,900 km by 2040.

Railway Infrastructure

Port Infrastructure



Source:

Comments

Saudi Arabia: Economic Indicators

The Saudi economy grew at the considerable CAGR of 6.0% over the 2009-2043 period. BMI Research experts project favorable 3.7% y-o-y growth in

2015, despite the drop of oil prices. BMI Research claims that economic advancement will be driven by strong fiscal stimulus and high oil production but

expects their effect to lessen from 2016 onwards. Moderate inflation is anticipated in 2015 at 3.2% y-o-y change of the consumer price index. However, in

the mid-term it is possible that inflation rise following extended period of robust growth, coupled with loose fiscal and monetary policy.

Impressively, over the 2009-2013 period, Saudi Government has allocated around USD 12.6 bn (or SAR 47.3 bn) on infrastructure development.


CEIC, World Bank, Ministry of Economy and Planning – Saudi Arabia, Oxford Economics, BMI, - * BMI estimates, - ** Oxford Economics estimates

2009 2010 2011 2012 2013 2014

GDP, constant prices 2005 (USD bn)405.8 436.0 473.4 500.9 520.7 543.04e*

GDP, constant prices 2010 (SAR bn)n/a 1,976 2,172 2,289 2,350 2,432

GDP, current prices (USD bn)429.1 526.8 669.5 734.0 748.5 751.6e*

GDP, current prices (SAR bn)1,609 1,976 2,511 2,752 2,791 2,798

Real GDP Growth Rate (%)1.8 7.4 8.6 5.8 4.0 4.3e*

Foreign Direct Investment, net inflows (USD bn, current)36.5 29.2 16.3 12.2 9.3 n/a

Consumer Price Index (%)5.1 5.3 5.8 2.9 3.5 2.7

Saudi Budget on Infrastructure Development (SAR bn)7.8 8.4 8.9 10.5 11.7 n/a



Source:

Saudi Arabia: Quality of Infrastructure



Quality of Port infrastructure*

Quality of Railway Infrastructure*


4.0 4.0 4.0 4.0 4.0

4.6 4.5 4.54.3 4.2

5.5

5.86.0

5.8

5.3

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Global average MENA average Saudi Arabia

4.3 4.3 4.3 4.24.1

4.6 4.5 4.5 4.44.3

5.2

5.45.3

5.1 5.0

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


4.7 4.74.6

4.4 4.4

5.15.0

4.9

4.7

4.4

5.25.4

5.3

5.1 5.0

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


3.23.1 3.1

3.2 3.3

2.9

2.7 2.7

3.03.0

3.6

4.0

3.7

3.4

3.1

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014




Source:

Saudi Arabia: Road Infrastructure


Rural and Main Paved Roads, km.

Existing and Newly Constructed Roads, km.

Rural Roads Distribution by Region, 2013

Ministry of Transportation – Saudi Arabia

184,105187,559

193,037195,974

199,1823,455

5,479

2,9373,208

3,064

187,559

193,037

195,974199,182

202,246

2009 2010 2011 2012 2013

Newlyconstructed, km

Existing,km

Totalroadlength,km

187,

559

193,

037

195,

974

199,

182

202,

246

0.09 0.09 0.09 0.09 0.09


Riyadh 10.9%Asir 15.5%

Qaseem 13.2%

Madinah 13.1%

Makkah 12.5% Hail 8.9%

Tabouk 7.2%

Al Jawf 4.4%

Baha 4.2%

Jazan 3.5%

Najran 2.9%Eastern Province 2.7%

Northern Frontier 0.9%

132,585 135,001 136,831 138,846 140,870

54,974 58,036 59,143 60,33661,376

187,559 193,037195,974 199,182

202,246

2009 2010 2011 2012 2013

Mainpavedroads,kmRuralroads,km

Totalroadlength,km



Source:

Saudi Arabia: Port Infrastructure

Port Infrastructure

www.findaport.com, Saudi Ports Authority, Al Arabiya, Saudi Aramco

Port NameUN/


Jeddah Islamic Port SAJED On the Red Sea coast of

Saudi Arabia

Jeddah Islamic Port is the principal Saudi port. It occupies 10.5 sq.km., with 58 deep water berths

having an overall length of 11.2 km. and a draft reaching 16 m., capable of accomodating the latest

generation of large container vessels (with a capacity of 6500 TEUs).The port handles all types of

cargo and disposes of specialised equipment such as quay container gantry cranes, straddle carriers,

rubber tired gantry cranes, yard cranes, reefer points to provide reefer containers with electricity,

various types of forklifts, low and high trailer with different load capacities, bulk grain discharging

equipment, etc. A major port facility is the King Fahad Ship Repair Yard that consists of 2 floating

docks, capable of receiving vessels up to 45,000 tonnes, and two 170-meter long berths to receive

vessels up to 60,000 tonnes. The port disposes of 2.1 sq. km. open storage area, 0.4 sq. km. covered

storage area (59 warehouses + transit sheds), grain silos, grain and rice mills and tanks to store

edible oil.

LOA 367 m., draft 15 m.

Dry Cargo: LOA 250 m.,

draft 11.5 m.

Containers: Draft 15 m.

Ro-Ro: LOA 180 m.,

draft 11 m.

Bulk: Draft 13.5 m.

Tankers: 100,000 d.w.t., LOA 250 m.,

draft 14 m.

King Abdul Aziz Port,

Dammam

SADMN Approximately mid-way

along the eastern coast of

Saudi Arabia.

This is a major Saudi port, acting as a gateway to the Eastern and Central Provinces of the country. It

is well connected to the inland through highway system and railway to Riyadh Dry Port. Among the

major facilities are 39 berths, 18 warehouses, medical clinic, and fire department. The port also

disposes of 8 container gantry cranes, 15 new straddle carriers, 25 terminal tractors, 20 3-ton forklift

trucks and 2 empty container handlers. It covers a total area of some 193 sq. km.

Dry Cargo: Depth 13 m.

Containers: Depth 13.8 m.

Ro-Ro: Depth 12.8 m. Bulk: Depth 13 m.

Dhiba Port SADHU On the west coast of

Saudi Arabia, 25 km.

northwest of Dhiba city

and 500 km. north of

Yanbu.

Being a natural harbor protected on all three sides by hills, Dhiba Port is the nearest Saudi port to the

Suez Canal and other Egyptian ports. It handles Ro-Ro, general cargo and livestock through its 3

berths and disposes of 6,000 sq. m. full covered storage area, 6,000 sq.m. top covered storage area,

and 150,000 sq.m. uncovered storage area.

Draft 10 m. Channel: Depth 11 m.

Dhiba Plant Terminal n/a On the west coast of

Saudi Arabia, about 5

km. southeast of the city

of Dhiba and about 200

km. southwest of Tabuk.

This is a one berth multiproduct discharge facility that is connected to the shore by a causeway. Products: 50,000 d.w.t., LOA 200 m.,

draft 12.8 m.

Jizan Port SAGIZ On the southern Red Sea

Coast, 335 nautical miles

south-southeast of

Jeddah.

Jizan port is a deep water port that has road access to the hinterland container depots and thus is

able to serve the whole of the Arabian Peninsula's southeast. The port handles general cargo,

foodstuffs, livestock, and cement clinker (bulk & bagged). It consists of 12 berths, 16,896 sq. m. of

shed storage area, and 197,000 sq. m. of open storage area.

Dry Cargo: LOA 245 m., draft 11.5 m.




Source:

Saudi Arabia: Port Infrastructure (cont’d)

Port Infrastructure


Port NameUN/


Jizan Terminal n/a In the Red Sea,

southeast to the Jizan

Port, approximately 335

nautical miles southeast

of Jeddah and near the

border with Yemen.

The bulk plant terminal comprises two CALM SBMs operated by Saudi Aramco. Products: D.w.t. 50,000 tonnes, LOA 220 m.,

beam 35 m., draft 16.3 m.

King Fahd Industrial Port

Jubail

SAJUB On the Gulf coast of

Saudi Arabia, approx.

80 km. north of

Dammam.

The port consist of 19 opertional berths. It handles chemical fertilisers, iron ore, refined petroleum

products, base lube oil products, ethylene, butadene, propylene, vynil chloride monomer, butene,

ammonia.

LOA 280 m., draft 13.3 m. (tidal).

Bulk: Draft 13.3 m. (tidal).

Tankers: Displacement 360,000 tonnes,

draft 25 m.

Jubail Commercial Port SAJUB On the Gulf coast of

Saudi Arabia, approx.

80 km. north of

Dammam.

The port covers area of approximately 4,1 sq. km. It consists of 8 berths for general cargo handling, 4

berths for bulk cargo handling, and 4 quays for container handling. In addition, there is 78,000 sq. m.

covered storage area , 1,800 sq. m. dangerous goods repository area, and 589 sq. m. internal storage

yards in the customs area. The port is also equipped with mobile cranes (40-120 tonnes), forklifts (3-

35 tonnes), locomotives and trailers, grabs with capacity of 6.3-20 cubic meters for handling bulk

cargo, skips, excavators, street sweeping machines, etc.

LOA 280 m., draft 13.3 m. (tidal).

Bulk: Draft 13.3 m. (tidal).

Tankers: Displacement 360,000 tonnes,

draft 25 m.

King Fahd Industrial Port,

Yanbu

SAYBI On the central western

coast of Saudi Arabia,

165 nautical miles north

of Jeddah and approx.

12 nautical miles

southeast of Yanbu

Commercial Port.

The port is among the largest ports for loading crude oil, its refined products, and petrochemicals in

the Red Sea. It can handle all types and sizes of oil tankers and containers, general cargo, bulk cargo

and Ro-Ro vessels. There are 23 berths, 40 points to supply reefer containers with power, an area of

167,067 sq.m. for container storage, an area of 10,000 sq.m. for storage of general cargo, an area of

18,000 sq.m. covered by warehouses, and an area of 800 sq.m. for hazardous cargo.

Containers: LOA 250 m., draft 12.6 m.


Bulk: 60,000 d.w.t., draft 14.0 m.

Crude: 500,000 d.w.t., LOA 420 m., draft 29 m.

Chemicals: 80,000 d.w.t., LOA 260 m.,

draft 14.2 m.

Gas: 280,000 d.w.t., LOA 299 m., draft 16 m.

Yanbu Commercial Port SAYNB On the central western

coast of Saudi Arabia,

about 165 nautical miles

north of Jeddah and


southeast of Yanbu

Commercial Port.

Yanbu Commercial Port is the nearest major Saudi seaport to Europe and North America. It handles

mainly the export of bulk cement and clinker, and the import of bulk-barley, bulk rutile, petcoke, and

project cargo. The port is thus suitable for handling various types of vessels including general cargo,

ro – ro, passenger ships, bulk-cargo etc. It consists of 9 deep-water berths, covered storage space of

61,950 sq.m. and open storage area of 529,400 sq.m. In addition, there are 2 silos each with a

storage capacity of 20,000 tonnes.

LOA 260 m., beam 55 m., draft 10.36 m.




Source:

Saudi Arabia: Port Infrastructure (cont’d)

Port Infrastructure


Port NameUN/


Rabigh SARAB On the west coast of

Saudi Arabia, about

80 nautical miles north of

Jeddah.

A deep-water port protected by an offshore barrier reef running parallel to the coast. It serves mainly

the Rabigh Refinery operated by Petro Rabigh, a joint venture of Aramco and Sumitomo Chemical.

The port consists of the Liquid Cargo Port, Pioneer Port, Dry Cargo Port and Dry Cargo Pier.

Dry Cargo: 21,200 d.w.t., LOA 152 m., draft 8.3

m. Ro-Ro: 13,740 d.w.t., LOA 150 m., draft 8.3

m. Bulk: 15,000 d.w.t., LOA 155 m., draft 9.1 m.

Tankers: 325,000 d.w.t., LOA 360 m., draft 23.5

m. Chemicals: 50,000 d.w.t., LOA 211 m., draft

12.63 m. Gas: 325,000 d.w.t., LOA 360 m., draft

23.5 m.

Ras al Khafji SARAR On the northeast coast of

Saudi Arabia, 17 km.

south of the Kuwait

border.

The port consists of 2 CBM berths and two SBM berths for tankers. There are also barge facilities for

handling dry cargo but these are rarely used.

Draft 20.1 m.

Ras Tanura SARTA On a peninsula on the

eastern cost of Saudi

Arabia, about 32 nautical

miles northwest of

Bahrain

The port is a major oil operations center for Saudi Aramco. It consists of the Ras Tanura Terminal,

Juyamah Crude (SPM) Terminal, and Juyamah LPG Terminal. The Ras Tanura Terminal includes sea

islands, and north and south piers with total of 12 berths.

Crude: Draft 21.0 m. Products: Draft 14.

1 m. (tidal).

Juaymah Terminal SAJUT It is located 18 nautical

miles northwest of Ras

Tanura.

The terminal handles the export of LPG to LPG carriers ranging from 25,000–200,000 d.w.t. No LNG

is handled. The terminal comprises one Single Point Mooring (SPM) berth.

LPG Terminal: Gas: 200,000 d.w.t., draft 23 m.

SPM berth: Crude: 750,000 d.w.t., draft 26 m.,

depth 35 m.

Ras Al-Khair SARAZ On the eastern coast of

Saudi Arabia, 135 km. to

the north of Jubail.

The works on the port started in 2008 and it took 38 months for completion at a total cost of approx.

640 USD mn. It consists of 3 operational 785 meter-long and 15 meter deep berths; one 121 meter-

long and 6-meter deep service berth; 700-meter diameter vessel turning basin; a 23-kilometer long, 16

meter deep and 170 meter broad approach channel and waves breaker; loading yards, 25 buildings

among them buildings for the administration, customs, border guards, security and buildings as well

as buildings for operation and maintenance services and warehouses. Work is in progress for building

berths 5 and 6. The port serves more than 80 different industrial projects in the region.

General cargo: 70,000 d.w.t. Liquid cargo: 50,000

d.w.t.




Source:

Saudi Arabia: Port Infrastructure (cont’d) and Ports Throughput

Port Infrastructure

Port Throughput, thou tonnes

CEIC, World Bank, www.findaport.com, Saudi Ports Authority, Al Arabiya, Saudi Aramco, Ports Data

Port NameUN/


Ras Al Mishab SARAM On the northeast coast

of Saudi Arabia, 28

nautical miles south of

the Kuwait border.

This is a military port operated by the Ministry of Defence and Aviation. Draft 10.0 m.

2010 2011 2012 2013 2014

Jeddah 49,165 52,027 62,723 60,384 55,652

King Abdulaziz, Dammam 23,596 25,873 27,364 29,027 31,275

Jubail, Industrial 46,386 44,700 45,872 44,634 58,857

Jubail, Commercial 4,357 4,709 6,787 9,107 10,224

Yanbu, Industrial 27,387 33,682 37,492 39,765 42,330

Yanbu, Commercial 1,583 1,612 2,492 3,225 3,057

Jazan 900 818 1,557 3,719 2,976

Dhiba 651 535 1,143 1,803 1,226

Ras Al Khair n/a 1,043 2,291 3,100 4,549

Total throughput 154,025 165,000 187,722 194,765 210,146

Container Port Traffic, thou TEU (20 foot equivalent units)




Source:

Saudi Arabia: Air Transport Infrastructure

International Airports

Airports Data, General Authority of Civil Aviation – Saudi Arabia, Airport Technology, www.worldaerodata.com, - * Passenger throughput includes arrivals and

departures and excludes transit passengers.

Airport NameIATA

CodeNear city Terminals and other facilities Runway ID and length

Airport Annual Throughput*,

2013

International Airports

King Abdulaziz International Airport JED Jeddah The airport and its adjacent facilities cover a total

area od 105 sq.km. There are 2 main passenger

terminals and a 465,000 sq.m. Hajj terminal that

is used only during the Hajj season.

16C/34C: 3,299 x 60 meters

16R/34L: 3,800 x 60 meters

16L/34R: 3,690 x 45 meters

22.2 mn passengers

467,181 tonnes of cargo

187,446 flights

King Khalid International Airport RUH Riyadh The airport and its adjacent facilities cover a total

area of 315 sq. km. There are 4 passenger

terminals (only three of which are in use) with

eight gates and aero-bridges each. The triangular

base of each terminal measures 47,500 sq. m.

15R/33L: 4,205 x 60 meters

15L/33R: 4,205 x 60 meters

18.5 mn passengers


161,314 flights

King Fahd International Airport DMM Dammam The airport is among the largest in the world as it

covers a total area of 776 sq. km. (of which about

43 km. are utilised). The airport offers a 327,390

sq.m. six-level passenger terminal with 15 gates.

16R/34L: 4,000 x 60 meters

16L/34R: 4,000 x 60 meters

7 mn passengers


72,897 flights

Prince Mohammad bin Abdulaziz

Airport

MED Medina MED Airport serves the second holiest city in

Islam after Mecca. After construction works that

were completed in early 2015, the airport offers

150,000 sq.m. terminal area, 64 check-in

counters, 31 boarding bridges, extended runway,

new taxiways, upgraded fueling and the lighting

system, and a number of newly constructed

ancillary buildings.

17/35: 4,335 x 60 meters

18/36: 3,060 x 45 meters

4.4 mn passengers


41,110 flights

http://www.worldaerodata.com/



Source:

Saudi Arabia: Air Transport Infrastructure (cont’d)

Domestic Airports Domestic Airports

Airports Data, General Authority of Civil Aviation – Saudi Arabia, Airport Technology, www.worldaerodata.com

Airport NameIATA

CodeNear city Runway ID and length

Airport Annual

Throughput, 2013

Domestic Airports

Abha Regional Airport AHB Abha 13/31: 3,350 x 45 meters 2.3 mn passengers


20,112 flights

Prince Sultan Bin

Abdulaziz Airport

TUU Tabuk 17/35: 4,006 x 45 meters 1 mn passengers


8,567 flights

Taif Airport TIF Taif 07/25: 3,735 x 45 meters

17/35: 3,350 x 45 meters

921 thou passengers

410 tonnes of cargo

7,771 flights

Prince Naif Airport ELQ Tabuk 15/33: 3,000 x 45 meters 947 thou passengers

909 tonnes of cargo

9,185 flights

Hail Airport HAS Hail 18/36: 3,720 x 45 meters 576 thou passengers


5,027 flights

King Abdullah Bin

Abdulaziz Airport

GIZ Jazan 15/33: 3,050 x 45 meters 1.3 mn passengers


9,485 flights

Al-Baha Airport ABT Al-Baha 07/25: 3,350 x 45 meters 328 thou passengers

130 tonnes of cargo

2,857 flights

Wadi Al-Dwaser Airport WAE Al-Dwaser 10/28: 3,050 x 45 meters 110 thou passengers

10 tonnes of cargo

1,982 flights

Sharurah Airport SHW Sharurah 08/26:3,650 X 45 meters 131 thou passengers

82 tonnes of cargo

1,941 flights

Turaif Airport TUI Turaif 10/28: 3,000 x 45 meters 53 thou passengers

24 tonnes of cargo

983 flights

Bisha Airport BHH Bisha 18/36: 3,050 x 45 meters 363 thou passengers

124 tonnes of cargo

3,573 flights

Airport NameIATA

CodeNear city Runway ID and length

Airport Annual

Throughput, 2013

Domestic Airports

Arar Airport RAE Arar 10/28: 3,050 x 45 meters 202 thou passengers

360 tonnes of cargo

2,118 flights

Wedjh Airport EJH Al Wajh 15/33: 3,050 x 45 meters 50 thou passengers

25 tonnes of cargo

1,030 flights

Rafha Airport RAH Rafha 11/29: 2,997 x 45 meters 53 thou passengers

29 tonnes of cargo

922 flights

Najran Airport EAM Najran 06/24: 3,050 x 45 meters 579 thou passengers

528 tonnes of cargo

5,905 flights

Al Qaisumah/Hafr al Batin

Airport

AQI Al

Qaisumah

16/34: 3,000 x 45 meters 130 thou passengers

118 tonnes of cargo

2,166 flights

Al-Jouf Airport AJF Sakakah 10/28: 3,661 x 45 meters 331 thou passengers

641 tonnes of cargo

3,684 flights

Al-Ahsa Airport HOF Hofuf 16/34: 3,060 X 45 meters 186 thou passengers

168 tonnes of cargo

5,494 flights

Al-Gurayat Airport URY Al-Gurayat 10/28: 3,050 x 45 meters 168 thou passengers

314 tonnes of cargo

1,664 flights

Prince Abdulmohsin Bin

Abdulaziz Airport

YNB Yanbu 10/28: 3,210 x 45 meters 766 thou passengers

275 tonnes of cargo

7,707 flights

Prince Abdulmajeed

Airport

ULH Al-Ula 12/30: 3,050 X 45 meters 9 thou passengers

1 tonne of cargo

217 flights

Prince Salman Bin

Abdulaziz Airport

DWD Dawadmi 15/33: 3,050 x 45 meters 21 thou passengers

8 tonnes of cargo

434 flights

Rabigh Airport RGB Rabigh 15/33: 2,359 x 32 meters 1 tonne of cargo

34 flights




Source:

Saudi Arabia: Investment Climate

FDI

Regime

The US Department of State considers Saudi Arabia as attractive and relatively stable market for investment. Saudi foreign-direct-investment

law permits foreigners to invest in almost all sectors of the economy with priority being given to investments in industry, transportation,

education, health, communications technology, life sciences, and energy; as well as in four "Economic Cities" that are at various stages of

development. However, there is a “negative list” that currently prohibits FDIs in 2 industrial sectors and 13 service sectors, among them real

estate investment in Mecca and Medina, some subsectors in printing and publishing, audiovisual services, land-transportation services

excluding inter-city transport by trains, and upstream petroleum. All foreign investment projects in Saudi Arabia must obtain a license from the

Saudi Arabian General Investment Authority (SAGIA). Investments in specific sectors may require additional licenses from other government

authorities, including, but not limited to, the Saudi Arabian Monetary Agency (SAMA), the Capital Market Authority (CMA), or the

Communications and Information Technology Commission (CITC). SAGIA licenses should be granted or refused within 30 days of receiving

an application and supporting documentation from the prospective investor. In an attempt to ensure that investors do not just acquire and hold

licenses without investing, SAGIA performs periodic license reviews. However, these reviews might be seen as disincentive to longer-term

investment commitments as the possibility of cancellation adds uncertainty for investors. While SAGIA has set up the infrastructure to support

foreign investment, the US Department of State notes that many companies consider the process cumbersome and time-consuming.

Importantly, SAGIA is responsible to maintain and review periodically the activities that form the “negative list” of sectors with prohibited FDI

regime.

Right to

Private

Ownership

and

Establishment

Foreign investors are not required to take local partners in many sectors and may own real estate for company activities. However, offices practicing

law, accounting and auditing, design, architecture, engineering, or civil planning or providing healthcare, dental, or veterinary services must have a

Saudi partner with a minimum of 25% stake in total investment.

Foreign investors are allowed to transfer money from their Saudi-based enterprises outside of the country and can also sponsor foreign employees.

Minimum capital requirements to establish business entities range from zero to SAR 30 mn (USD 8 mn) depending on the sector and the type of

investment.

Foreign partners in service and contracting ventures organised as limited-liability partnerships must pay, in cash or in kind, 100 percent of their

contribution to authorised capital. Despite the bureaucracy and red tape that accompany the establishment of such an entity, foreign investment is

generally welcome in Saudi Arabia as long as it promotes economic development, transfers foreign expertise to Saudi Arabia, creates jobs for

Saudis, and/or expands Saudi exports. There are no legal requirements for foreign investors to purchase from local sources or export a certain

percentage of output, and their access to foreign exchange is unlimited. While not required to procure from local sources, investors may avoid

import duties on raw materials only if they can prove that these are not available locally. There is no requirement that the share of foreign equity be

reduced over time. Investors are not required to disclose proprietary information to the SAG as part of the regulatory approval process, except where

issues of health and safety are concerned.




Source:

Saudi Arabia: Investment Climate (cont’d)

Tax Rates

and

Access to

Credit

In July 2003, the corporate tax rate on foreign investors has been lowered to a flat 20%. It replaced a tiered system with tax rates as high as 45%.

While this has been a step towards more balanced treatment of foreign and Saudi-owned capital, the government tax policy still favors Saudi

companies and joint ventures with Saudi participation. Hence, Saudi investors do not pay corporate income tax, but are subject to a 2.5% tax, or

“zakat,” on net current assets.

After the financial crisis of 2008, followed by the default on USD 20 bn in debt by two Saudi business concerns and the debt restructuring in Dubai,

credit availability has been limited to all parties. Credit became somewhat more available in 2011 and 2012, but extraordinary public spending has

limited the demand for private lending. In addition to large-scale supplemental programs, credit is available from several government institutions,

such as the Saudi Industrial Development Fund, which allocate credit based on government-set criteria rather than market conditions. In order to

qualify for credit, companies must have a legal presence in Saudi Arabia. The private sector has access to term loans, and there have been a

number of issuances of sharia-compliant bonds, known as "sukuk," but there is no fully developed corporate bond market.

Dispute

Settlement

US Department of State notes that Saudi Arabia does not offer transparent, comprehensive legal framework for resolving commercial disputes

although SAG is making progress in this direction. The indicator that affects most negatively the country’s ranking in World Bank’s “Doing Business”

is resolving insolvency, on which it ranks 163rd out of 189 economies (Data from June, 2014).

Disputes with the government and over commercial issues generally fall under the jurisdiction of the Saudi Board of Grievances. The Board also

reviews all foreign arbitral awards and foreign court decisions to ensure that they comply with Sharia law. This review process can take years, and

outcomes are unpredictable. Even after a decision is reached in a dispute, enforcement of a judgment can take years. Therefore it is highly

advisable to consult with local counsel in advance of investing to review legal options and appropriate contractual provisions for dispute resolution.

Labour

Conditions

Recruitment of expatriate labor in Saudi Arabia is regulated by the Ministry of Labor and the Ministry of Interior. The large majority of the private-sector workforce

consists of workers coming from Bangladesh, Egypt, India, Pakistan, the Philippines, and Yemen with Westerners making up less than 2% of the labor force.

However, the Ministry of Labor aims to reduce the expatriate population from approximately 30% currently to 20% of the total population. Hence, the government

encourages the so-called “saudisation” - recruitment of Saudi employees - through series of incentives and limits placed on the number of visas for foreign workers

available to companies. The “Nitaqat” plan, which was rolled out in 2011, has divided companies into sectors, each with a different set of quotas for Saudi

employment based on company size. In 2013, the Ministry of Labor and Ministry of Interior have launched a campaign to deport illegal and improperly documented

workers, which has resulted in higher labor costs for many businesses. In addition, all companies operating in Saudi Arabia, regardless of sector or size, are

currently obliged to pay USD 640 per year for each expatriate employee in excess of the number of the company’s Saudi employees. Saudi labor law forbids union

activity, strikes, and collective bargaining. However, the government allows companies that employ more than 100 Saudis to form "labor committees". The minimum

age for employment is 14.




Source:

Saudi Arabia: Government Infrastructure Projects

Road

Infrastructure

In 2014, Saudi Government announced that it is launching a 1.6 USD bn project to connect the regions of Asir and Jazan in the southwest of the

country. The project foresees the construction of a 135 km. dual carriage road, stretching from Al-Far'a recreation park in the south of Abha to Beesh

in the north of Jazan area. Tender documentation on the project was being accepted until April 5th, 2015. In addition, the Government is rolling out

another 1.1 USD bn road project to link Makkah and Jazan areas via the Asir region. The related tender documentation was being accepted until

April 20th, 2015.

Road infrastructure projects that are underway as of May 2015 are presented in the Appendix of the present report.

Air

Transport

Infrastructure

King Abdulaziz International Airport (KAIA) is undergoing a massive expansion that is organised in three phases. They are expected to be completed

by 2035 leading to ultimate capacity at around 80 million annual passengers. Prince Mohammed Bin Abdulaziz Airport

Prince Mohammed bin Abdulaziz Airport expansion project aims to accommodate the influx of Hajj and Umrah pilgrims every year by providing

annual capacity of approx. 8mn passengers. The USD 2.4 bn was completed in early 2015 and includes a 153,000 sq m passenger terminal with 31

passenger boarding bridges, 26 auxiliary buildings, extended runway, three parallel taxiways and over 300,000sq m of apron.

As of May 2015, projects are being implemented to expand the capacity of King Khalid International Airport (from 15 to 20-25 million annual

passengers), Al Baha Domestic Airport (from 200,000 to 500,000 annual passengers), the Abha Regional Airport (from 9 400 sq m to 78 000 sq m

and 5 million annual passengers), Arar Domestic Airport (from 1 810 sq m to 7 560 sq m and 518 000 annual passengers), Al Jouf Domestic Airport

(from 2 900 sq m to 13 000 sq m and 1 million annual passengers), Al Qassim Domestic Airport (from 5 500 sq m to 36 000 sq m and 1.5 million

annual passengers). In addition, King Fahd International Airport is undergoing infrastructure improvements due for completion by 2018.

Finally, a tender is in progress for building a new international airport to serve pilgrims to Mecca in the nearby city of Taif. Upon completion, the 57

sq km airport will have capacity of 400 000 annual passengers. King Abdullah Bin Abdulaziz Airport in Jazan will also be replaced by new 55 000 sq

m airport with 3.6 million annual passengers capacity.

Saudi Tenders, Railway Technology, Railway Gazette, Public Transport Authority – Saudi Arabia, KAIA Airport, MEED Projects, Arab News, NACO - Netherlands

Airport Consultants, SUSRIS – Saudi-US relations information service, BMI, Saudi Railways, www.roadtraffic-technology.com, Zawya Projects via KFHR, Port

Technology, www.constructionweekonline.com

http://www.roadtraffic-technology.com/

http://www.constructionweekonline.com/



Source:

Saudi Arabia: Government Infrastructure Projects (cont’d)

Port

Infrastructure

During the first Saudi Maritime Congress held in November 2014 Saudi authorities announced that the country will spend about USD30 bn to improve port infrastructure. Some of the mega port projects to be realised in the coming years include an expansion of the seaport at King Abdullah Economic City, whose construction total value is USD 26.6 bn and should be completed by 2020. In addition, Saudi Government has undergone a USD 510 mn expansion of the Red Sea Gateway Terminal at Jedah Islamic Port, that has increased annual capacity to 1.8 mn TEUs and has seen the construction of two berths: a 740 m. main berth, and a 390 m. feeder berth. The terminal’s annual capacity is set to increase to 2.5 mn TEUs. Additionally, terminal’s quay length will be enhanced by a further 255 m. to 1,324 m., the main berth extended from 745 m. to 850 m., while the new second berth will be enhanced from a feeder berth to a complete new 474 m. berth. In 2013, USD 210.6 mn works on Marafiq's Yanbu Industrial City-Marine Facilities were completed and Dareen Port was expanded at a cost of USD 35 mn in 2014.

Railway

Infrastructure

Saudi Arabia has adopted an impressive USD 97 bn plan to expand its national railway network. During the first USD 16.8 bn stage, continuing from 2010 to 2025, 5,500 km are to be built. In the second USD 55.7 bn phase 3 000 km are to be built between 2026 and 2033. In the last USD 24.8 bnstage, 1 400 km of railway will be constructed between 2034 and 2040. Among other improvements and construction works, the first stage foresees the construction of the connection to the GCC railway network with lines between Batha at the UAE Border - Hofuf and Jubail - Ras Al Khair - Kuwait Border, as well to Qatar and Bahrain. In addition, some other major projects that are part of the first 2010-2025 phase are the railway landbridgebetween Riyadh and Jeddah, the Haramain high speed railway connecting Makkah – Jeddah – Madinah, and north-south mineral line between the northern regions, Ras Al Khair/Jubail and the capital Riyadh. The landbridge involves the construction of approx. 1,100 km of railway - 950 km new line between Riyadh and Jeddah, and 115 km new line between Dammam and Jubail . Passenger trains running on the track will be designed to travel at 250 km/h and freight trains at 140 km/h. The landbridge project is expected to improve significantly the inland transportation capabilities of the country. It will facilitate the freight of cargo imported from East Asian countries via King Abdul Aziz Port in Dammam, and from Europe and North America via Jeddah Islamic Port. Moreover, with the construction of the Jeddah-Riyadh rail link the time taken for passenger transport will be cut double to 6 hours instead of the current 10 to 12 hours via bus. For freight trains the maximum travel time should take 12 hours. The Dammam-Jubail link will be 1 hour for passenger trains and 3 hours for freight trains.

Public

Transport

Infrastructure

Public transport developments in Riyadh are in line with the Riyadh Public Transport Project (RPTP). A major project that is currently being executed is the USD 23 bn Riyadh Metro Rail Project. The network, due for completion in 2018, will be approximately 178 km long with six lines and 85 stations including underground, elevated and at-grade sections. In addition, an 85 km three-line Bus Rapid Network (BRT) will be built and integrated with the metro stations.

As of May 2015, three substantial public transport projects are in tendering phase - Jeddah Metro Light Rail Transit System Project (planned network of 149 km), Makkah Mass Rail Transit System Development Project (planned network of 188 km, including 88 stations), and Medina Metro Project (planned network of over 95 km).

Saudi Public Transport Authority is also working on the design of public transport system in Dammam, Buraydeh, Jazan, and Taif and is developing public transport master plans in Abha, Hufof, Hail and Tabuk

Saudi Tenders, Railway Technology, Railway Gazette, Public Transport Authority – Saudi Arabia, KAIA Airport, MEED Projects, Arab News, NACO - Netherlands Airport Consultants, SUSRIS – Saudi-US relations information service, BMI Research, Saudi Railways, www.roadtraffic-technology.com, Zawya Projects via KFHR, Port Technology




Source:

Saudi Arabia: Biggest Infrastructure Projects



Number and Industries of Top 10 Biggest Projects

MEED


Other industries33.18%

Project Client Contract Value,

USD mn

Award Year Expected

Completion

Riyadh Light Rail Transit (Riyadh Metro): Lines 1 & 2 Arriyadh Development Authority 9,450 2013 2018

Haramain High-Speed Rail Network: Phase 2 Saudi Railways Organisation 8,396 2011 2016

Riyadh Light Rail Transit (Riyadh Metro): Lines 4, 5 & 6 Arriyadh Development Authority 7,820 2013 2018

Riyadh Light Rail Transit (Riyadh Metro): Line 3 Arriyadh Development Authority 5,942 2013 2018

KAIA: Phase 1: New Terminal: Package 1 General Authority of Civil Aviation 4,034 2010 2015

5

4

1

Transportation Construction Power

Number of projects



IV. United Arab Emirates



United Arab Emirates: Sector Highlights

The Emirati airport infrastructure consists of seven international airports. In 2014, ACI ranked Dubai Intl Airport 6th globally in terms of overall passenger traffic and

1st in terms of international passenger traffic. Naturally, on national level, the airport accounts for the biggest share of passengers, cargo, and aircraft movement. It

is also leader in MENA in terms of available seats (471 thou units), according to CAPA data from May 2014. Abu Dhabi Intl Airport holds the 9th place in MENA in

the same ranking, with 110 thou seats. Over the 2010-2014 period, the airport has increased its capacity by 66%, Dubai Intl Airport – by 44%, and Sharjah Intl

Airport – by 39%. Accordingly, they were among the fastest growing airports in the Middle East.

UAE Government has rolled out extremely ambitious airport expansion plans. It is noteworthy that Al Maktoum International Airport (the second Dubai airport), is

set to become the biggest airport in the world after undergoing USD 32bn expansion that will lift passenger capacity to 220 mn people annually by 2023.

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, the UAE ranked 2nd out of 144 economies in terms of air transport infrastructure quality.

The country offers a vast network of ports and offshore terminals, including state-of-the-art facilities like Port Khalifa’s semi-automated container terminal – the first

of its kind in the region. The port is set to increase its capacity to 2.5 mn TEUs per annum from the current 2 mn TEUs through an USD 81.7 mn loan by Abu Dhabi

Commercial Bank.

The UAE are also home of one of the few yards in the region that handle ship construction, repair, and conversion works - Dubai Drydocks World.

Other major infrastructure facilities include Jebel Ali – the principal port of Dubai, Zayed – Abu Dhabi’s oldest commercial port, Fujairah – the only multi-purpose

port on the eastern seaboard of UAE, Khorfakkan Port, Rashid Port, and others.

In the 2013-2014 World Economic Forum’s Executive Opinion Survey, the UAE ranked 3rd out of 144 economies in terms of port infrastructure quality.

The 2013-2014 World Economic Forum’s Executive Opinion Survey ranked UAE 1st out of 144 economies in terms of road infrastructure quality.

Clearly, the country is also a regional leader among MENA states.

In 2013, UAE had a road network of 12,215 km and road density of 0.15 km/sq km of land area – about average for the MENA region. Over the

2008-2012 period, the country has built average of about 460 km of new roads a year. In 2012, expressways and arterials accounted for some

45.2% of total roads. As of June 2015, roads with total cost of approx. As much as USD 2bn are being built and should be completed by 2017.

Road Infrastructure

Port Infrastructure




Source:

Comments

United Arab Emirates: Economic Indicators

Emirati economy grew steadily at CAGR of 4.0% over the 2009-2014 period. BMI experts anticipate 4% y-o-y real GDP growth in 2015. Dubai is tocontribute with larger weight in growth compared to Abu Dhabi thanks to increased activity in trade, tourism and real estates. Private’s sector access tocredit in 2015 will be constrained as commercial banks increase provisioning to safeguard against potential loan losses due to the debt funding cliff.According to BMI, inflation is set to rise at 4% y-o-y change of the consumer price index in 2015.The transport and storage industry grew moderately at CAGR of 2.4% over 2009-2014, well below the GDP growth rate. The completion of a number ofmajor transport facilities such as the Dubai International Airport prior to 2009 has led to relatively lower activity in the sector in the subsequent years.


CEIC, World Bank, BMI, Euromonitor, - * BMI estimates

2009 2010 2011 2012 2013 2014

GDP, constant prices 2005 (USD bn) 200.2 203.4 213.4 223.4 235.0 244.1e*

GDP, current prices (USD bn) 253.5 286.0 347.5 372.3 402.3 412.2e*

Real GDP Growth Rate (%) (5.2) 1.6 4.9 4.7 5.2 3.9e*

Foreign Direct Investment, net inflows (USD bn, current) 4.0 5.5 7.7 9.6 10.5 n/a

Consumer Price Index (%) 1.6 0.9 0.9 0.7 1.1 2.3



Source:

United Arab Emirates: Quality of Infrastructure



Quality of Port infrastructure*

Quality of Overall Infrastructure*


4.0 4.0 4.0 4.0 4.0

4.6 4.5 4.5 4.3 4.2

6.3 6.36.5 6.6 6.6

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014

Global average MENA average UAE

4.3 4.3 4.3 4.2 4.1

4.6 4.5 4.5 4.44.3

6.2 6.26.4 6.4

6.5

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


4.7 4.7 4.64.4 4.4

5.1 5.04.9

4.7

4.4

6.2 6.26.4 6.4

6.5

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014


4.3 4.3 4.3 4.3 4.2

4.7 4.7 4.5 4.4

4.2

6.2 6.3 6.4 6.4 6.4

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014




Source:

United Arab Emirates: Road Infrastructure


Road Network by Type of Road, 2012

Roads & Transport Authority, United Arab Emirates

9,91

6

10,8

09

11,2

08

11,7

99

12,2

15

0.12 0.13 0.13 0.14 0.15

2008 2009 2010 2011 2012


Arterials 24.4%

Expressways20.8%

Local Residential 19.7%

Collectors17.4%

Freeways 12.3%

Local

Industrial/Commercial

5.6%



Source:

United Arab Emirates: Port Infrastructure

Ports in the United Arab Emirates

Ports Data, General Authority of Ports Border and Free Zones Security –UAE, www.findaport.com

Port NameUN/


Emirate of Sharjah Ports

Khalid Port AESHJ On the Gulf coast,

approx. 15 nautical

miles northeast of

Dubai.

Port Khalid is also known as Sharjah port. Its facilities consist of 21 berths and one oil

terminal. The port is capable of handling general, reefer, dry, liquid, and bulk cargo and

provides oil and offshore support services as well. It is connected to the inland through

multilane roads and highways.

Channel: Depth 12 m. (tidal).

Dry Cargo: Draft 12 m.

Containers: Draft 12 m., LOA 300 m.

RoRo: Draft 9.5 m.Bulk: Draft 12 m.

Tankers: 60,000 d.w.t., draft 10 m.

Khorfakkan Port AEKLF On the Gulf coast of

UAE, 15 nautical miles

north of Fujairah.

A natural deep-water harbour that is situated only three hours from the UAE's main

centers of population - Dubai, Sharjah and Abu Dhabi. Khorfakkan's location attracts

shipping lines with large transshipment volumes. The port disposes of 6 berths (2 km total

length) to handle container vessels; storage area of 450,000 sq.m. of which 100,000 sq.m.

are an open storage area; and 20 container gantry cranes including 6 super post-panamax

gantries, and 4 mega-max tandem-lift cranes. In addition, there are 26 yard gantries, 30

container handlers, and 116 terminal tractors. The port has annual capacity of 5 mn TEUs.

Channel: Draft 16 m., UKC at least 10% of

draft.

Containers: Draft 16 m.

Ro-Ro: Draft 10.4 m.

Mubarek Terminal AEMUB Offshore, south-

southeast to the island

of Abu Musa.

The terminal is under the jurisdiction of the Emirate of Sharjah and is operated by the

Crescent Petroleum Company. It represents an offshore floating storage unit (FSU) of

87,000 d.w.t. that is permanently moored to an SPM and used for the storage of crude oil.

n/a

Al Hamariyah Port AEHZP On the Gulf coast,

approx. 16 nautical

miles northeast of

Dubai.

Al Hamariyah Port facilitates non-containerised cargo movements between Dubai, Arabian

Gulf, East Africa and Western India. It is capable of handling dhows, break-bulk, ro-ro

vessels, and 190 fishing boats at any given time. The port also includes a large quarantine

facility that accomodates livestock imports. Its proximity to Dubai’s used car market makes

it an attractive hub for used car trading.

LOA 230 m., draft 12.6 m.

Al Hamariyah LPG

Terminal

n/a On the Gulf coast,

approx. 7.5 nautical

miles northwest of

Hamriyah.

The terminal consists of a shore tank with related onshore facilities, and an offshore

loading berth composed primarily of a single point mooring buoy (SPM).

Gas: 57,000 d.w.t., LOA 230 m.,

draft 12.6 m., depth 14 m. (tidal).

Al Hamariyah SBM

Terminal

n/a In the Emirate of

Sharjah between Umm

Al Qaywayn and

Ajman, 7.6 nautical

miles offshore.

Hamriyah SBM Oil Terminal handles condensate and is owned by Sharjah National Oil

Corporation (SNOC).

Crude: Displacement 150,000 tonnes,

depth 22.9 m., draft 16 m.




Source:

United Arab Emirates: Port Infrastructure (cont’d)



Port NameUN/


Emirate of Abu Dhabi Ports

Khalifa Port AEKHL On the Gulf coast, about

22.8 nautical miles

norteast of Zayed Port,

and 23.7 nautical miles

southwest of Jebel Ali.

Khalifa port is a state of the art facility that handles all of Abu Dhabi’s container traffic following the

100% TEU traffic transition from Zayed Port in late 2012. It has the first semi-automated container

terminal in the region, the only one in radius of 5,000 km. The offshore port is built on a reclaimed

area of 2.7 sq. km. and the container terminal is situated more than 4 km. out to sea. The container

terminal is operated by Abu Dhabi Terminals (ADT), has 6 post panamax container cranes, and a

dedicated quay of 1.2 km. using 3 berths. The total land area dedicated to general cargo (dry bulk,

break bulk and ro-ro) is approx. 850,000 sq.m. and is combined with 4 berths measuring 1.8 km. in

total. In addition, Khalifa Port has a dedicated bulk terminal built for EMAL (Emirates Aluminium). It

contains two vacuum ship unloaders that transfer coke and alumina onto wharf belt conveyor system.

There is also a container freight station of 116,360 sq.m. that includes 89,475 sq.m. freight station,

warehouse of 10,500 sq.m., open storage area of about 45,000 sq.m., and a container depot of

26,885 sq.m.

Draft 15 m.

Channel: Depth 16.5 m.

DryCargo: Depth 18 m. (CD).

Containers: Draft 16 m. (tidal).

RoRo: Depth 18 m. (CD). Bulk: Depth 18 m. (CD)

.

Zayed Port AEMZD Adjacent to the city of

Abu Dhabi, in the mid-

northern part of the UAE.

Zayed Port, also known as Mina Zayed, is Abu Dhabi’s oldest commercial port and has been the main

city port for the last 40 years. The port covers 5.1 sq. km. area and consists of three basins - Zayed

Port for deep water vessels, Free Port for smaller vessels, and New Free Port for lay-by and vessels

that require minor repairs. The port handles ro-ro, general and bulk cargo, as well as the emerging

cruise business, with future plans to develop the port as a world class cruise destination. Hence, the

port authorities have undertaken the development of a cruise terminal. The first phase being

completed, Zayed Port is now capable to accommodate two large cruise ships and one small vessel.

The upcoming development phases of the cruise terminal foresee the construction of a terminal

building and a traditionally themed souk and heritage area, with activities for both passengers and the

general public. Zayed Port offers 1 ro-ro berth and more than 143,000 sq.m. of covered warehousing

and cold storage with a capacity of 20,000 tonnes. The Free Port has 1 ro-ro berth as well and offers

open storage space.

Channel: Depth 15 m. (Zayed Port), 8 m. (Free

Port), 8 m. (New Free Port) Draft: 13 m. (Zayed

Port), 7.5 m. (Free Port), 7.5 m. (New Free Port)

Musaffah Port AEAMF Approx. 16 km. southeast

of central Abu Dhabi city.

Musaffah Port is the second oldest Emirati port following Zayed Port. It has an extensive waterfront of

nearly 40 km. The port handles heavy lift, general cargo, ro-ro, dry bulk,over dimensional cargo and

projects. In February 2011, the new Musaffah channel replaced the existing access channel to the

Musaffah industrial area. The new channel has provided opportunity for larger ships with deeper

draughts to access the port as it is 53 km. long, 200 m. wide and 9 m. deep.

Draft 9.0 m. (tidal).

Jebel Dhanna AEJED In Abu Dhabi's territorial

waters, about 96 nautical

miles west of Abu Dhabi.

Jebel Dhanna is operated by Abu Dhabi Company for Onshore Oil Operations (ADCO) and serves to

store and export crude oil produced by the company. It consists of three SPMs, located 3.0 n.m.

offshore and spaced 1.2 n.m. apart.

Tankers: 450,000 d.w.t., LOA 377 m.,

draft 14.3 m.




Source:



Ports Data, General Authority of Ports Border and Free Zones Security –UAE, www.findaport.com, Picolli C., Assessment of port marine operations performance by means of simulation, Oct 2014

Port NameUN/


Emirate of Abu Dhabi Ports (Cont’d)

Ruwais Port AERUW Approx. 250 km. west of Abu

Dhabi.

The Ruwais port consists of six major terminals. The crude oil terminal is operated by The Abu Dhabi

Company for Onshore Oil Operations (ADCO). The other five terminals are a refined oil terminal operated by

Abu Dhabi Oil Refining Company (TAKREER), a gas terminal operated by Abu Dhabi Gas Industries Ltd.

(GASCO), a bulk cargo area and liquid ammonia terminal operated by Ruwais Fertilizer Industries (FERTIL), a

sulphur handling terminal operated by GASCO, and a polyethylene terminal operated by the Abu Dhabi

Polymers Company Ltd. (BOROUGE). In 2016, phase one of the ChemaWEyaat (Abu Dhabi National

Chemicals Company) terminal should start operating with three new berths and after phase 12 (planned for

2030) 18 new berths in total will be in commission.

Ro-

Ro: Depth 7.0 m. (CD).Bulk: Displac

ement 85,000 tonnes, LOA 248 m.,

draft 13.5 m., depth 14.8

(CD).Tankers: Draft 11.0 m.

Das Island AEDAS An island in Abu Dhabi's territorial

waters, approx. 70 nautical miles

east-southeast of Doha.

The port facilities are operated by Abu Dhabi Marine Operating Company (ADMA-OPCO) and Abu Dhabi Gas

Liquefaction Company Ltd (ADGAS). Hence, it handles the export of crude oil, liquefied gas and its by-

products, and molten sulphur.

Crude: Displacement

360,000 tonnes,

draft 24 m.Chemicals: Displacement

8,500 m., LOA 130 m.,

draft 10 m.Gas: Displacement

100,000 tonnes, LOA 300 m.,

draft 14 m.

Zirku Island AEZUR An island in Abu Dhabi's territorial


west-northwest of Abu Dhabi.

Zirku Island is about 5 km. long and 2.5 km. wide and accomodates a harbour and on oil terminal that is

situated 8 nautical miles off the island. The harbour consists of a small boat service jetty. The oil terminal

comprises 2 single point mooring buoys (SPMs) for the export of crude oil from Upper Zakum, Umm Al-Dalkh

and Satah Fields.

Oil Terminal: Crude: 350,000 d.w.t.,

draft 21 m., depth 27 m. Harbour:

Depth 4.5 m.

Mubarras Island AEMBS An island in Abu Dhabi's territorial


west of Abu Dhabi.

This is a crude oil export terminal comprising a SPM, offshore Central Facilities Platform (CFP), and operations

and storage facilities.

Dry

Cargo: Draft 3.66 m. Tankers: Draft

13.5 m.

Umm Al Nar AEULR At the southeast tip of Abu Dhabi

Island.

This is a petroleum port that consists of 2 island-type berths connected to the shore through a causeway. 30,000 d.w.t., LOA 170 m.,

draft 9.50 m., beam 26.5 m.

Mugharraq Port n/a In the west of the emirate of Abu

Dhabi, 5 km. west of Jebel

Dhanna.

The port handles cargo services, primarily ro-ro, and supports ferry and logistics connections to Sir Bani Yas

Island and Delma Island. Currently, there are construction works on additional slipways, a revetment for

shoreline protection, deepening of the port basin, installing of additional equipment like fenders, and the

modification of the existing landing ramp.

LOA 70 m., draft 2.6 m.,

depth 2.6 m.

Al Sila Port n/a In the west of the emirate of Abu

Dhabi, 95 km. west of Jebel

Dhanna

The port handles commercial vessels such as containers, general cargo and ro-ro, as well as fishing vessels

for fisheries.

Sir Baniyas Logistics

Port

n/a On the western side to Sir Bani

Yas Island, 6.3 nautical miles

northwest of Jebel Dhanna.

The port is located on the Sir Bani Yas Island, which is developed and operated as a tourist destination by the

Tourism Development & Investment Company (TDIC). The port thus handles the transfer of all construction

materials and workers.





Source:




Port NameUN/


Emirate of Abu Dhabi Ports (Cont’d)

Shahama Port n/a About 4 km. off the

main Abu Dhabi –

Dubai highway, and

has direct access to all

the surrounding

residential areas.

The port is currently redeveloped into a prime commercial, leisure and tourism hub and is

aiming to become one of the largest one-stop shops for leisure boat users in the region.

n/a

Emirate of Dubai Ports

Rashid Port AEPRA In Dubai city. Port Rashid, also known as Mina Rashid, is one of the major ports of the UAE. It is a multi-

purpose port equipped to handle both cargo and passenger operations. However, all cargo

operations have been transferred to Jebel Ali in 2008. The port consists of 18 berths and has

cruise and ferry terminals. The cruise terminal covers 2 sq. km. area and is capable of handling

7 mega cruise vessels / 25,000 passengers simultaneously, being one of the leading cruise

terminals in the Middle East. The Rahid Port's Ferry Terminal is located adjacent to the Cruise

Terminal. Currently, it handles some 20,000 passengers annually.

LOA 230 m., Depth 11 m.

Jebel Ali Port AEJEA On the Gulf coast of

the UAE, 40 km.

southwest of Dubai

and 90 km. northeast

of Abu Dhabi.

Jebel Ali Port is the principal port of Dubai, being a multi-modal hub with sea, air and land

connectivity, complemented by extensive logistics facilities. The port is a technologically

advanced facility, employing state-of-the-art equipment, a total of 63 berths (3 additional berths

under development), and 87 cranes (10 additional cranes on order) to accomodate the world’s

largest container vessels. It includes 3 terminals - container terminal, general cargo terminal,

and tank terminal and offers storage area of about 1.4 sq. km., plus 3,900 sq.m. cool storage

and 5,765 sq.m. cold storage. The port benefits significantly from its access to over 2 bn

people, its connection to the main UAE/GCC Road network, the proximity of Al Maktoum

International Airport (16 km.), and its location within the Jebel Ali Free Zone, which houses

more than 6,400 companies active in variety of industrial and service-orientated sectors.

Dry Cargo: Draft 14.5 m., depth 16 m.

Containers: Draft 17 m., depth 17.2 m.

Ro-Ro: Draft 10.5 m.,

depth 11.5 m.

Bulk: Draft 14.5 m., depth 16 m.

Tankers: 120,000 d.w.t., LOA 275 m.,

draft 14 m.,depth 15 m.

Gas: Draft 14 m., depth 15 m.

Fateh Terminal AEFAT In Dubai's territorial

waters in the Arabian

Gulf, approx.

40 nautical miles west-

northwest of Port

Rashid.

This is oil loading terminal operated by Dubai Petroleum Company (DPC). It consists of the

crude oil production and export facilities of the Fateh, SW Fateh, Falah, Jalilah and Rashid

fields.

Tankers: 350,000 d.w.t., seasonal,

depth 45.7 m.




Source:




Port NameUN/


Emirate of Dubai Ports (Cont’d)

Dubai Drydocks World n/a Adjacent to Rashid Port

in Dubai.

Dubai Drydocks World is a ship repair yard that handles vessels conversions, as well as new building and offshore construction. It handles 350 vessels

per annum on the average, among them mainly ULCCs (Ultra Large Crude Carriers) and VLCCs (Very Large Crude Carriers), bulk carriers,

containerships, ro-ro vessels, cargo vessels, gas carriers, chemical tankers, offshore vessels and rigs. The yard has specialised LNG handling

capabilities. In order to support the conversion and repair works, the yard operates its own steel shop with a monthly fabrication capacity of over 2,000

tonnes, as well as a pipe shop equipped with modern CNC profile cutting, CNC pipe bending machines, GTAW/SAW welding equipment, an auto SAW

welding station, Orbital Tig (GTAW) and Plasma Automatic Welding (PAW) station. There is also a mechanical shop with an extensive range of

equipment including one of the world’s largest ram borers, a 20 meter shaft lathe, a 20 tonne balancing machine, a sophisticated modern milling

machine, a single Girder EOT crane of 5 tonne lifting capacity and height of 11.5 m. and two jib cranes 5.5 m. long of 2 tonne lifting capacity. The yard's

electric shop is capable of rewinding of 10,000KW HV motors and overhauling power transformers, testing motors of 11KV & 10,000 KW capacity, and

overhauling motors of 45 tonnes weight and 12 MW & 11 KV capacity.

Emirate of Ajman Ports

Ajman Port AEAJM Approx. 6 nautical miles

northeast of Port Khalid,

Sharjah and 12 nautical

miles northeast of Port

Rashid Dubai.

The port is located opposite to the Ajman Free Zone and handles containers, general cargo, and ro-ro

cargoes. It also offers 55,000 sq.m. of closed warehouse storage as well as temperature controlled

storage facility of 7,200 sq.m. (min. temperature 15 C)

Dry Cargo: LOA 150 m., beam 22 m., draft 7.5 m.

Containers: LOA 150 m., beam 22 m.,

draft 7.5 m.

Ro-Ro: Draft 4.7 m.Tankers: Draft 4.7 m.

Emirate of Umm Al Quwain Ports

Ahmed Bin Rashid Port AEQIW Approx. 30 miles

northeast of Dubai, in the

Emirate of Umm Al

Qiwain.

The facility is wholly owned and managed by the Government of Umm Al Qiwain and has Free Zone

status. It includes 845 m. of quay wall with 400 m. capable of handling ocean-going vessels.

LOA 200 m., draft 10 m.

Containers: 16,900 d.w.t., LOA 200 m.,

draft 9.8 m. Passengers: 30,000 g.t.,


Bulk: 25,000 d.w.t., LOA 176 m., draft 9.8 m.

Tankers: 20,000 d.w.t., LOA 164 m., draft 9.5 m.

Emirate of Fujairah Ports

Fujairah Port AEFJR Outside the Strait of

Hormuz, on the eastern

flank of the Arabian

Peninsula, overlooking

Arabian Sea, 3 km. north

of Fujairah town and

20 km. south of Khor

Fakkan Port.

Port of Fujairah is the only multi-purpose port on the Eastern seaboard of the United Arab Emirates. It

handles general cargo (incl. project cargoes), bulk cargo (incl. aggregate exports), and wet bulk cargo

(including crude, fuel, gas oil, condensate, gasoline, Jet A-1, naphtha and base oil) and is an

important hub for bunkering & oil trading activities. The port includes 2 oil terminals. Terminal 1 offers

3 berths with total length of 840 m. and capacity of DWT 100,000 tonnes/berth. Terminal 2 includes 4

berths with total length of 1,500 m. and capacity of DWT 180,000 tonnes/berth.

Containers: Draft 11.5 m., depth 12 m.

Passengers: Draft 11.5 m., depth 12 m.

Bulk: Draft 13.5 m., depth 15 m.

Crude: 320,000 d.w.t., LOA 340 m., depth 56 m.

Products: Draft 16.5 m., depth 18 m.

Gas: Draft 16.5 m., depth 18 m.




Source:




Port NameUN/


Emirate of Ras Al Khimah Ports

Saqr Port AEMSA On the Gulf coast in the

north of the country,

60 nautical miles

northeast of Dubai and

40 nautical miles

southwest of the Strait of

Hormuz.

Saqr Port, also known as Mina Saqr, handles large amounts of dry bulk cargo including cement,

aggregates and ores. It consists of 8 bulk-handling berths, 3 container handling berths and 1 general

purpose berth. The port also offers 42,000 sq.m. of covered warehouse, as well as open storage

areas in excess of 84 ha.

LOA 225 m., draft 12 m. Bulk: Depth 12.2 m.

Ras Al Khaimah Khor Port AERKP Close to the entrance of

the Strait of Hormuz, at

the entrance to the Ras

Al Khaimah creek.

RAK Khor Port is a unique city center port that covers approx. 323,858 sq.m. Being a city port that

conforms with the requirements of the local community, it handles mainly general/dry cargo, as well

as transhipment cargo, and the storage and distribution of imports from the GCC, East Africa and

Indian Subcontinent. The port offers 8 berths, including 1 ro-ro berth. It also taps on the increasing

interest in leisure activities in the Northern Emirates, and provides access to a new passenger cruise

terminal.

n/a

Ras Al Khaimah Maritime

City

AERMC Adjacent to Saqr Port Launched in May, 2011, RAK Maritime City operates simultaneously as a port and a free zone. It

occupies an area of 8 sq.km. and has a dedicated harbour covering 820,000 sq.m. of water, and

almost 5 km. of new quay wall with private/exclusive use jetties. The facility offers state-of-the-art

repair and ship maintenance facilities, retail, warehousing and general cargo handling zones as well

as areas for tank storage, industrial production and manufacturing

Harbour entrance approach: Depth 9 m. Berths:

Depth 7 m.

Al Jeer Port AEAJP Located on the Ras Al

Khimah border to the

Musandam, Oman.

The port handles general cargo and livestock but is providing services mainly for sailing yachts, large

luxury yachts and private leisure vessels. It includes a 266-berth marina for commercial and leisure

facilities, 41 covered warehouses (incl. 2 temperature controlled), open storage areas, qurantine

facility, incinerator, etc.

n/a

Al Jazeera Port AEJAZ At the entrance to the

Gulf, on the northwest

coast of Ras Al Khaimah,

UAE.

Al Jazeera Port's main activities are dry docking, ship repairing, marine operations, agency Service,

cargo handling, and warehousing&storage.

The port covers a total area of over 105,000 sq.m., including a Dry Dock and Ship Lifting System

area. Inaugurated in late 2010, this 50,000 sq.m. facility has 12 dry berths – 8 berths are 67.5 m. long

x 30 m. wide and 4 berths are 77.5 m. long x 30 m. wide. Al Jazeera Port offers covered storage

space of 7,000 sq.m., and open storage space of 55,000 sq.m.


Hulaylah Terminal AEHTL In Ras Al Khaimah's

territorial waters, about

6.2 nautical miles from

Mina Saqr.

The terminal handles crude oil transactions. Crude carriers are moored to an IMODCO SPM. Crude: 350,000 d.w.t., LOA 396 m.,

beam 54.86 m., draft 21.33 m., bow to manifold

182.8 m.




Source:

United Arab Emirates: Ports Throughput

Container Port Traffic, thou TEU (20 foot equivalent units)

Arriving Vessels at Dubai Ports by Type, 2014

CEIC, World Bank, UNCTAD, Dubai World, Department of Naturalisation & Residency - Dubai

14,4

25

15,1

77

17,5

48

18,1

21

19,3

36

-2.24%

5.21%

15.63%

3.26%6.71%

2009 2010 2011 2012 2013

Container Port Traffic, thou TEU YoY change

6,21

5

934

649

195

14,7

47 22,7

40

0.36%

7.23% 8.53%

-7.58%

10.47%7.15%

Containers General Cargo RORO Passengers Others Total

Number of vessels YoY change



Source:

United Arab Emirates: Air Transportation Infrastructure

Airports in the United Arab Emirates

Airport Data, Airport Technology, www.worldaerodata.com, www.routesonline.com, - * Passenger throughput includes arrivals and departures and excludes transit passengers.

Airport NameIATA

CodeNear city Terminals and other facilities Runway ID and length Airport Annual Throughput*

Abu Dhabi International Airport AUH Abu Dhabi The airport consists of 3 terminals, 58 gates, and

109 check-in counters. Completed in 2009,

Terminal 3 is the hub of Etihad Airways.

Runway 1: 4,000 m

Runway 2: 4,100 m

Both runways dispose of CAT IIIB

(instrument landing) capability

In 2014: 19.6 mn passengers &

154,821 flights

Dubai International Airport DXB Dubai The airport comprises 3 terminals with Terminal 3

being dedicated for use by Emirates airline only.

Terminal 2 is home to Dubai’s budget airline

flydubai. There are also 257 check-in counters

and 82 gates.

Northern runway: 4,000 m. by 60 m.

Southern runway: 4,500 m. by 60 m.

In 2014: 70 mn passengers, 2.4

mn tonnes of cargo & 357,842

flights

Al Maktoum International Airport DWC Jebel Ali, Dubai The airport comprises one passenger terminal

with capacity of 5 mn passengers per annum

(expandable to 7 mppa) and a cargo terminal

building with a capacity of 1 mn tonnes per

annum. There are also 12 gates.

12/30: 4,500 m. X 60 m. (compatible

with Airbus A380 aircrafts)

In 2014: 845,046 passengers,


47,655 flights

Sharjah International Airport SHJ Sharjah The airport consists of one 105,300 sq. m.

passenger terminal and 5 cargo terminals with a

total floor area of 32,000 sq.m. There are also 25

aircraft stands and eight departure gates. SHJ is

the home base of the low-cost carrier Air Arabia.

Runway 1: 4,060 m. X 45 m.

Runway 2: 4,060 m. X 60 m.

(compatible with Airbus A380, Boeing

747-800 and giant freighters like

AN124 and AN225)

In 2014: 8.1 mn passengers,


70,559 flights

Ras Al Khaimah International Airport RKT Ras Al Khaimah The airport consists of 2 passenger terminal

buildings (arrivals and departures), and a cargo

terminal facility. The main apron is 115,550 sq.m.

and has 19 aircraft parking positions.

16/34: 3,760 m. X 45 m. In 2012: 339,979 passengers

Fujairah International Airport FJR Fujairah The airport consists of 1 passenger and 1 cargo

terminal. The main apron has 15 aircraft stands.

11/29: 3,750 m x 45 m. In 2014: 2,718 passengers

Al Ain International Airport AAN Al Ain The airport consists of one passenger terminal,

10 check-in counters, and 4 gates.

01/19: 4,000 m. x 45 m. In 2013: 44,107 passengers


http://www.routesonline.com/



Source:

United Arab Emirates: Investment Climate

FDI

Regime

At present, the Emirati regulatory and legal framework favors local over foreign investors. The UAE maintain non-tariff barriers to investment in the

form of restrictive agency, sponsorship, and distributorship requirements. In order to do business in the UAE outside one of the free zones, a foreign

business in most cases must have a UAE national sponsor, agent or distributor, with at least 51% ownership of the business.

The US Department of State reports that government tendering in UAE is not conducted according to generally accepted international standards, and

re-tendering is the norm. Federal tenders must be accompanied by a bid bond in the form of an unconditional bank guarantee for 5% of the value of

the bid. However, UAE federal government entities can tender internationally since foreign companies sometimes are the only suppliers of specialised

goods or services that are not widely available. Incentives are given to foreign investors in the free zones. Outside the free zones, no incentives are

given, although the ability to purchase property as freehold in certain favored projects in Dubai would appear to be incentives aimed at attracting

foreign investment, as noted by the US Department of State.

Four major laws affect foreign investment in the UAE: the Federal Companies Law, the Commercial Agencies Law, the Federal Industry Law, and the

Government Tenders Law. These laws, especially the Federal Companies Law, are seen as the largest obstacles to foreign direct investment in the

UAE. In addition to the mandatory Emirati major stake in businesses involving foreign partners, these laws stipulate that branch offices of foreign

companies must have a national agent, that distribution of foreign companies’ products in the UAE is only possible through exclusive commercial

agents that are either UAE nationals or companies wholly owned by UAE nationals, that industrial projects must either be managed by a UAE national

or have a board of directors with a majority of UAE nationals, among others.

Right to

Private

Ownership

and

Free Zones

The UAE restricts foreign ownership of land, with rules varying from emirate to emirate. Individual emirate policies allow non-GCC nationals to have

freehold or leasehold rights in designated areas, but as codifying and procedures for title documentation remain to be established, it remains unclear

whether the "freehold" title means the same as it does in Europe or the United States. In December 2010, Abu Dhabi Executive Council (ADEC)

issued Resolution No. 64 of 2010 on Regulations of Property Ownership stipulating that non-UAE natural or juristic persons have the right to own,

buy, sell, rent, mortgage and invest in investment areas. Non-UAE nationals may hold “mustaha” rights for up to 50 years (subject for renewal to a

similar duration) and sign “usufruct” contracts for up to 99 years in properties located inside the investment areas.

The major attraction of the free trade zones (FTZ) is the waiver of the requirement for majority local ownership. Hence, in the free zones, foreigners

may own up to 100% of the equity in an enterprise. In addition, all free zones provide 100% import and export tax exemption, 100% exemption from

commercial levies, 100% repatriation of capital and profits, multi-year leases, assistance in labor recruitment, and advanced infrastructure and

logistic environment including easy access to sea and airports, buildings for lease, and energy connections (often at subsidised prices). Moreover,

the free zone authorities provide significant support services, such as sponsorship, worker housing, dining facilities, and security. According to the

UAE Embassy in UK, there are 21 FTZ around the UAE, the biggest ones among them being Jebel Ali Free Zone, Sharjah Airport Intl Free Zone,

Dubai Airport Free Zone, Dubai Media City, Dubai Internet City, and RAK Free Trade Zone.

US Department of State, June 2014



Source:

United Arab Emirates: Investment Climate (cont’d)

Tax Rates

and

Access to

Credit

There is no personal income tax in the UAE. Foreign banks, outside of the free zones, pay 20% tax on their profits. Foreign oil companies

with equity in concessions pay taxes and royalties on their proceeds. There are no consumption taxes, and the GCC states formally

implemented a single import tariff of five percent on most goods. Companies located in the numerous "free zones" across the UAE are

exempt from the tariff on imports and re-exports that do not leave the zones. However, some exceptions do exist.

Dubai imposes a rental housing tax on expatriates equaling five percent of the rental charges.

UAE financial system is highly integrated and concentrated, thus remaining exposed to global vulnerabilities. However, in 2013 the IMF has

noted that “the banking system maintains significant capital and liquidity buffers, and non-performing loans may finally have peaked at 8.7

percent in December 2012,” suggesting a significant turnaround in the UAE banking sector’s post-2008-2009 crisis health.

Dispute

Settlement

In 2006 UAE entered effectively the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards. As a result, arbitration awards

issued in the UAE are enforceable in all 138 states that have acceded to the Convention, and any award issued in another member state is directly

enforceable in the UAE. In general, disputes are resolved by direct negotiation and settlement between the parties themselves, by recourse in the

legal system, or arbitration. In order to enforce arbitration judgments rendered in the UAE, a court certification that may take a long time is required.

Commonly, commercial disputes involving foreign parties are heard in the civil courts in the federal system in front of three-judge panel. However,

commercial disputes might also come before the criminal courts, if one of the parties alleges criminal fraud or theft arising from a contractual dispute.

All cases involving banks and financial institutions are required to be heard by civil courts. Interestingly, the Court of Dubai International Financial

Center (DIFC) is also instrumental in commercial disputes resolution. The DIFC Court system operates independently of the UAE legal system on

commercial disputes as part of the DIFC free zone. In October 2011 the Vice President and Prime Minister of the UAE and Ruler of Dubai signed a

law allowing any Dubai-based business to use the English language DIFC Courts to resolve commercial disputes.

Labour

Conditions

The US Department of State reports that around 85% of UAE residents are non-Emiratis and approx. 98% of private sector labour are foreign

workforce. To alter this ratio, the government has set a goal to increase UAE nationals’ participation in the workforce, dubbed “Emiratisation”. As of

December 2010, all private corporations were required to reserve at least 15% of positions for UAE nationals. At banks, Emiratis must comprise at

least 40% of the workforce. The UAE National Human Resource Development and Employment Authority (Tanmia), is the federal body responsible

to foster Emiratisation. In May 2009, the Cabinet approved the establishment of the UAE Emiratisation Council (UEC), which is responsible for

formulating policies and standards to promote Emiratisation and for supporting the development of skills and competitiveness among nationals.

Given Emiratis’ strong preference for public sector employment, in 2013, the UAE Ministry of Labor proposed changes to its labor law to attract more

citizens into the private sector. The changes include proposals to bring private and public sector salaries in line; adjust working hours and days, and

increase the number of private sector holidays.

Visas, residence permits, and work permits are required of all foreigners in the UAE except nationals from GCC countries.

US Department of State, June 2014



Source:

United Arab Emirates: Government Infrastructure Projects

Air Transport Infrastructure:

Dubai

Airports

Having opened its doors to passengers as recently as 20 months ago, Al Maktoum Intl Airport at Dubai World Center will undergo an

enormous USD 32bn expansion. Once completed, it will turn the facility into the biggest airport in the world. The ambitious project is

spread in two phases over six to eight years. Remarkably, upon completion, the airport will be able to accommodate more than 220

million passengers per annum. The entire development will cover an area of 56 sq km and will include 5 parallel Code F runways of

4.5 km each, 2 terminal facilities on either west and east side of the airport site, 4 concourses, each with 100 wide body aircraft contact

stands and 65 million passengers per annum capacity, a 6 track train system, connecting the airport’s two terminals with its four

concourses, and a massive 8 sq km cargo facility area.

The other airport located near Dubai, Dubai Intl Airport, is also undergoing expansion works. The multiyear USD 7.8 bn expansion

project aims to increase passenger capacity to 90 million people per annum by 2018. Airport facilities that are to be built or undergo

expansion include Terminal 2 (by 2013), and Concourse 4 (by 2015) with total newly constructed area of 675,000 sq m. The project

also foresees expansion of DWC passenger terminal building arrivals (PTB) by 2018. In addition, 30,000 sq m cargo processing

capacity will be added to airport’s cargo mega terminal.

Air Transport Infrastructure:

Abu Dhabi,

Sharjah,

Al Ain

Airports

The Abu Dhabi Airport’s Midfield Terminal is scheduled for completion in July 2017. The almost USD 3bn project comprises theconstruction of 700,000 sq m main terminal building that will be the largest in the Emirate of Abu Dhabi and will have an initial capacityof 27-30 million passengers per annum. It will offer approximately 28,000 sq m of retail and food and beverage outlets. As of May2015, the project is 46% complete. In December 2014, the airport launched operations on its newly renovated southern runway. Giventhe expanded runway, the airport’s annual capacity is expected to reach 500,000 aircraft movements, making it one of the largest two-runway operations in the world. In March 2015, the airport opened recently improved facilities at its Terminal 1, such as new 350 mlong walkways, nine new Code E aircraft stands, 16 new X-ray screening machines with capacity of 2,000 transfer passengers perhour, and new road network.

Sharjah Intl Airport is also set to expand its capacity in order to meet increasing traffic. However, in April 2015 it became clear that theinitially prepared expansion master plan would be revised due to budget cuts. The current project timeline sees capacity lifted from 8.5million passengers per annum in 2013 to 15 million by 2017/2018, and ideally 25 million by 2019. The master plan also proposes theconstruction of a hotel and shopping mall to be built near the airport. As of June 2015 project cost remains unclear.

Finally, Al Ain Intl Airport is also undergoing expansion. By Q1 2017, the airport should double the size of its departure lounge andcheck-in areas, as well as add a new cargo terminal, an in-flight catering facility, more office space and other improvements tooperations.

Journal of Commerce, Airport Technology, Gulf News, Construction Week Online, Airport Data



Source:

United Arab Emirates: Government Infrastructure Projects (cont’d)

Road

And Port

Infrastructure

A 62 km main road between Abu Dhabi and Dubai, called E311, is expected to be completed by 2017. The USD 545mn project will run

parallel to the existing Abu Dhabi-Dubai (E11) motorway. It aims to ease traffic on the E11 as it is expected to increase from 700

vehicles an hour at peak time now to more than 12,000 vehicles by 2030 as a result of population growth.

A 327 km Mafraq-Ghweifat main road has been rolled out by the department of transport, and is expected to be completed by 2017 as

well. The USD 1.4bn project extends from Mafraq to the international border linking the UAE with Saudi Arabia in Ghweifat. The

finished road will have three lanes in each direction, with the road expanding to four lanes in each direction in the 22km closest to the

borders with Saudi Arabia, from Silaa to Ghweifat.

In the first half of 2015, work has started on USD 130mn contract to build bridges to a new island being built off the coast of the

Jumeirah Beach Residence (JBR) district in Dubai. The project includes a main two-lane bridge stretching 1,400 m, as well as bridges

for a “automated personal rapid transit system” connecting with the Nakheel Harbour & Tower metro station, as reported by Al Arabiya.

In October 2014, Jebel Ali Port opened its third container terminal. Thanks to the USD 850mn facility, the port has increased its

capacity to 15 mn TEUs per annum. However, as of May 2015, the new terminal is not yet completely operational. Once it is fully

online, another 4 mn TEUs will be added to the current capacity.

Railways

And Public

Transport

Infrastructure

UAE’s USD 10.9bn national rail network will be approximately 1,200 km long, extending from the border with Saudi Arabia to the

border with Oman. It will also connect with the GCC network. The project, which is developed and operated by Etihad Rail, is

organised in three phases. Phase one is already completed and comprises a 264 km network at a cost of USD 1.28bn. Phase two is at

its tender stage. It envisages the construction of a 628 km railroad, reaching Mussafah, Khalifa Port and Jebel Ali port. In phase three,

a 279 km of railroad will be built to connect Dubai to the northern regions of the country.

Dubai’s metro network will extend to ensure connectivity to the Expo 2020 site. In April 2015, Sheikh Mohammed bin Rashid al

Maktoum approved a 15 km extension of the Red Line from Nakheel Harbour & Towers to the Expo 2020 site. At the other end of the

line, a 3.5 km one-station has been approved. The project is expected to be tendered in July 2016. Four further lines, the Purple, Gold,

Blue, and Pink ones, have been proposed and are scheduled for completion by 2030. Major public transportation projects in Abu

Dhabi include the construction of 130 km two-way track metro network, and 340 km two-way track tram network.

Al Arabiya, Department of Transport – Abu Dhabi, Abu Dhabi Airports, The National, Etihad Rail, Reuters



Source:

United Arab Emirates: Biggest Infrastructure Projects



Industry Distribution in Top 10 Biggest Projects

MEED

1 1

4

3

1

Transportation Construction Power Oil Industrial

Number of projects

Project Client Contract Value,

USD mn

Award Year Expected

Completion

Abu Dhabi Airport Expansion: Midfield Terminal Complex Abu Dhabi Airport Company 2,960 2012 2017


Other industries 88.4%



V. Main Players



Source:

Top M&A Deals

Top M&A Deals in the Infrastructure Sector in MENA in 2013 and 2014*

DealWatch , -* NAICS industry classification 234

Date Target Company Deal Type Buyer Country of BuyerDeal Value Stake

USD (mn) (%)

11-Nov-14 Arabtec Holding PJSC Minority stake Aabar Investments PJS UAE 962.7 15.99

purchase (Market estimate)

14-Aug-14 Arabtec Holding PJSC Open market Undisclosed buyer(s) n/a 48 0.95

purchase (Market estimate)

12-Jun-14 Arabtec Holding PJSC Minority stake Undisclosed buyer(s) n/a 160.6 2.75

purchase (DW estimate)

1-Oct-13

Industrialization & Energy Services Co

(TAQA) Minority stake Arab Petroleum Investments Corp Saudi Arabia 45 5.62

purchase (Official data)

30-Sep-13

SETE Energy Saudia for Industrial Projects

Ltd Acquisition Haji Abdullah Alireza and Co (HAACO) Saudi Arabia n/a n/a

18-Jul-13 Petrofac Emirates LLC Acquisition

Nama Development Enterprises; Petrofac

Ltd

UAE; United

Kingdom 70 51.00

(DW estimate)

11-Jul-13 Archirodon Group NV Minority stake Undisclosed buyer(s) n/a 190 40.00

purchase (Official data)

8-Jul-13 Arabtec Holding PJSC SPO Undisclosed buyer(s) n/a 641.1 50.00

(Official data)

30-May-13 Al Musdaq Modern Trading LLC Acquisition Al Fajar Al Alamia Co SAOG Oman 7 99.00

(Official data)



Source:

M&A Activity, 2013-2014

Number and Value of Deals in MENA’s Transportation Sector

Number of Deals by Deal Type (%)

Number of Deals by Deal Value, USD (%)

Number of Deals by Region of Investors (%)

DealWatch

7

901

45

16148

963

0

1

4

1

0

1 1 1

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2013 2014

Total value of deals (USD mn) Number of Deals

Acquisition33.3%

Minority stake purchase

44.4%Open market

purchase11.1%

SPO 11.1%

UAE 33.3%

Saudi Arabia33.3% UK 16.7%

Oman 16.7%

0-50mn; 33.3%

100.1-500mn; 22.2%

500.1-1000; 22.2%

Undisclosed; 11.1%

50.1-100mn; 11.1%



Source:

Arabtec Holding PJSC

Income Statement (Consolidated, USD mn)

Arabtec Holding PJSC is a United Arab Emirates-based

company that is established in 1975 and acts as a Holding

Company to its subsidiaries, primarily investing in the

construction sector through the acquisition of contracting and

related companies. Listed on the Dubai Financial Market

since 2004, the company is one of the largest heavy

construction players in MENA.

Its projects vary greatly and include offshore and onshore oil

and gas installations, airport development, aircraft

maintenance hangars, passenger terminals, departure

lounges, fuel tank farms, drainage & electrical high and low

voltage, contracting services to residential projects, luxury

villas, hotel interiors, cinema complexes, hypermarket fit

outs, food courts.

The company has organised its operations in the following

business lines:

o High Rise Development

o Residential Development

o Hotels and Hotel Interiors

o Airport Development

o Commercial Development

o Luxury villas

o Stadiums

o Mixed Use Development

o Industry Projects

o Oil & Gas

Balance Sheet (Consolidated, USD mn)

Highlights

Company Data, EMIS Insight

1,54

2

2,00

9 2,66

7

134

193

162

38 103

58

8.7%9.6%

6.1%

2012 2013 2014

Net Revenues EBITDA Net Profit EBITDA margin

2,44

1

3,49

0

3,91

1

912 1,57

1

1,62

5

152

(417

.82)

45

1.14

-2.17

0.28

2012 2013 2014

Total Assets Shareholders' Equity Net Debt Net Debt/EBITDA



Source:

Arabtec Holding PJSC (cont’d)

Share Price Statement, 2014

Arabtec is a key contractor in some of the largest airport

infrastructure projects in UAE. They include the

construction of:

o Midfield Terminal Building at Abu Dhabi Intl Airport – a

USD 2.9 bn contract awarded to a JV between

Arabtec,TAV and CCC,

o Air Traffic Control Tower at Dubai World Central Intl

Airport (DWC) in 2007-2008 – a USD 40 mn contract,

o Cargo Terminal Building at DWC – a USD 76 mn contract,

o Passenger Terminal at DWC – a USD 26.7 mn contract

awarded to Arabtec/Max Boëgl JV,

o Central Utility Plant at - a USD 7.1 mn contract,

o TD-119 VIP Pavilion & Crew Access Building at Dubai Intl

Airport – a USD 1.9 mn contract,

o Expansion of Terminal 2 at Dubai Intl Airport – a USD 163

mn contract,

o Renovation and expansion of Dubai Intl Airport Terminal 1

– a USD 50.1 mn contract.

Currently Arabtec employs over 40,000 people.

Allocation of Shareholders’ Equity by Geography, 2014

Highlights


5.26

8.71

4.96

4.32

3.91

4.73

3.513.18

5.03

6.09

4.56

3.61

Q1 Q2 Q3 Q4Highest price, quarter averageLowest price, quarter averageClosing price, quarter average

Local 68%

Arab 17%

GCC 6%

Others 9%



Source:

Drake & Scull International PJSC


Drake & Scull International PJSC, or DSI, became a

publicly listed company in 2008 when it rolled out its IPO

on the Dubai Financial Market.

The company specialises in mechanical, electrical and

plumbing services along with infrastructure, water and

power and civil construction services.

DSI has streamlined its operations in the following units:

o Drake and Scull Construction offers general construction

services for commercial, industrial, power and water as

well as heavy general contracting projects.

o Drake and Scull Engineering offers engineering (MEP and

Water and Power) services for large scale projects in

aviation, education, mixed use, residential, tourism,

district cooling, hotels, commercial offices and data

centres.

o Drake and Scull Rail offers complete EPC solutions for all

systems and services for stations, depots and tunnels.

o Drake and Scull Oil and Gas offers construction and

construction management contracting services of civil,

piping, equipment, electrical & instrumentation to the

petrochemical industry.

o Drake and Scull Development focuses on public-private

partnerships for large scale infrastructure projects in the

MENA region, South Asia and Europe.

o Passavant Energy and Environment develops

technologies and processes in municipal wastewater,

sludge, water and industrial wastewater treatment.


Highlights


905

1,33

0

1,29

8

60 98 81

26 45 27

6.7%

7.4%

6.2%

2012 2013 2014


1,75

3

1,95

3 2,33

3

755

811

839

188

181 41

8

3.12

1.84

5.18

2012 2013 2014




Source:

Drake & Scull International PJSC (cont’d)

Backlog by Business Stream, 2014

DSI has executed mechanical, electrical and plumbing

engineering works on airport infrastructure projects

including:

o International Airport Terminal phase II, Abu Dhabi – UAE,

o Extension for Military Airbase, Dubai – UAE,

o Kai Tak Airport - Hong Kong,

o Phase I Air Cargo Terminals - Hong Kong,

o New Doha International Airport CP15 – Qatar,

o Dar Es Salaam International Airport,Dar Es Salaam –

Tanzania.

• The company has also incorporated HVAC (heating,

ventilation, and air conditioning), smoke ventilation,

general air extraction, fire protection & alarm systems, exit

systems, and electrical distribution systems in railway

infrastructure projects that include:

o Channel Tunnel Rail Link Line Infrastructure - London UK,

o St. Pancras Station Redevelopment -London UK,

o Jubilee Line Extension Project - London, UK.

DSI has established offices in UAE, Saudi Arabia, Kuwait,

Oman, Qatar, Egypt, Jordan, Algeria, Iraq, Thailand,

Vietnam, India, China, Germany, Romania, and Turkey.

Backlog by Geography, 2014

Highlights


General contracting

42%

Engineering38%

Oil & gas 15%

Water treatment 5%

Saudi Arabia35%

Egypt 18%

Dubai 10%

Jordan 7%

Abu Dhabi 8%

Algeria 6%

Qatar 5%

Kuwait 2%Iraq 1%

Others 8%



Source:

Combined Group Contracting Co.


Combined Group Contracting Company, or CGC, was

established in 1965 in Kuwait as a limited liability

company. The company became a publicly traded

shareholding company in 2006, when it was listed on the

Kuwait Stock Exchange with a capital of approx. USD

40mn.

The company operates in the construction industry and its

activities include carrying out civil, mechanical and

contracting work, trading of loose and packaged cement,

manufacturing and selling in building materials and related

products.

Through its branches and subsidiaries, CGC is present in

Kuwait, Saudi Arabia, UAE, Qatar, Syria, Iraq, Lebanon

and Oman.

Among the assets owned by the company are a concrete

mixing plant with a production capacity of 160 cubic

meters / hour, asphalt plants with production rate of 440

tonnes/hour, and extensive fleet of earth moving, road

paving and construction equipment, as well as pumping

equipment together with numerous other transportation

vehicles

Currently CGC employs around 10,000 people.


Highlights


847

694

44416

2

114

9392

56 24

19.1%

16.5%

21.0%

2012 2013 2014


1,32

9

1,39

0

1,32

6 838

911

915

69

169

108

0.43

1.48

1.15

2012 2013 2014




Source:

Combined Group Contracting Co. (cont’d)

Revenues by Division in 2014, KWD thou

In the Roads & Infrastructure sector, the company has

executed projects in countries like Kuwait, UAE, Qatar,

Indonesia, and Mongolia.

Some of the major road infrastructure projects that CGC

has worked on include:

o Design, construction and completion works on sea bridge

connecting Kuwait City and Subiyah (project still in

progress). CGC’s share of total works on the bridge

amounts to approx. USD 570 mn.

o Infrastructure development of small and medium scale

industrial area in Doha, Qatar. The USD 189.6 mn project

was completed in March 2012.

o Infrastructure development for north residential and west

waterfront areas at Lusail City, Doha, Qatar, The USD

183.2 mn project was completed in January 2013.

o Construction, completion and maintenance of the

interchanges of the main highways (Sixth Ring Road)

connecting to new housing area at South Jahra, Kuwait.

The USD 140.2 mn project was completed in November,

2013.

Revenues by Geography in 2014

Highlights


52,357

38,486

19,026 17,489

5,532 5,015

1

Construction Highways Water & Electricity

Oil Maintenance & Services Others

Kuwait 66%

Qatar 21%

UAE 13%



Source:

Galfar Engineering And Contracting SAOG PLC


Founded in 1972, Galfar Engineering & Contracting

SAOG, also known as Galfar, is the largest construction

company in Oman with capabilities in the Oil & Gas,

Roads & Bridges, and Civil & Utilities sectors. It operates

in Oman, and in other GCC countries as well as India.

The company is listed on the Muscat Securities Market.

It offers to its clients various services in the domains of

engineering, procurement, construction, operations &

maintenance, and project management.

Galfar’s Roads & Bridges Unit was established in 1989.

Since then, it has completed the construction/

rehabilitation of over 1,500 km. of roads in Oman. The unit

has a central full-fledged materials testing laboratory for

soil, asphalt and concrete testing in addition to various

site laboratories. It is also self-sufficient in the production

of major road building materials such as aggregates and

asphalt.

Galfar owns 1,134 heavy machines, 794 light machines,

811 miscellaneous machines, 977 electrical machines, 69

stationary plants, 1614 heavy vehicles and 2178 light

vehicles.

It employs more than 23,000 people and is the largest

employer of Omani nationals in the private sector.


Highlights


855 1,

104

969

104

116

88

24 20.1

6

0.44

12.2%

10.5%

9.1%

2012 2013 2014


1,18

7

1,28

4

1,30

6

237

276

267

421 51

3

522

4.034.42

5.95

2012 2013 2014




Source:

Galfar Engineering And Contracting SAOG PLC (cont’d)

Segment Results, OMR thou

Some of the major roads & bridges projects that are

already completed include the dualisation of Wadi Adai Al

Amerat Road, Rushtaq-Miskin Road, rehabilitation of

Batinah Highway, and the USD 340 mn value Muscat

Expressway.

Transport infrastructure projects that are currently being

executed by Galfar include:

o Construction of Batina Expressway (Package 1), value of

contract USD 422 mn,

o Development of Salalah International Airport Project,

value of contract USD 236 mn,

o Rasl Al Hadd Airport Development Project (Package 2,

Airfield Development), value of contract USD 104 mn,

o Construction of Hasik - Ash Shuwaymiyah Asphalt Road,

value of contract USD 288 mn,

o Dualisation of Nizwa - Thumrait Road (Izz - Adam

Section), value of contract USD 132 mn,

o Dualisation of Taqah - Mirbat Road, value of contract USD

105 mn,

o Construction of Grade Separated Junctions along Batinah

Highway - Stage 3 (Part 1), value of contract USD 59 mn,

o Procurement and construction of asphalt road in the

Khazzan area, value of contract USD 24.2 mn.

Segment Assets, OMR thou

Highlights


9,009

1,550 1,083 1,054 107 61 5

(126)(2,620) (2,343)

December, 2013 December, 2014

Construction Manufacturing Hiring of equipment

Training Inter segments

496,539 514,568

4,641 6,387 3,138 2,893 178 133

(8,738) (21,696)December, 2013 December, 2014

Construction Manufacturing Hiring of equipment

Training Inter segments



Source:

National Marine Dredging Company PSC



The National Marine Dredging Company was established

in 1976 as a sector of Abu Dhabi National Petroleum

Company. It was then established as a shareholding

independent company in 1979. The company is listed on

the Abu Dhabi Securities Exchange.

It is primarily engaged in the execution of dredging

contracts and associated land reclamation works in the

territorial waters of the United Arab Emirates and Qatar.

The dredging and reclamation works, the company’s main

business, comprise capital and maintenance dredging

(inclusive deepening of water passages); artificial island

construction; land reclamation using dredged material;

and creating water channels, intakes and outfalls.

Since 2009, the company has diversified its operations

into marine construction as well. It includes activities like

construction of breakwaters, revetments, groins and

related rock works; concrete armor protection;

construction of gravity quay walls, retaining and

diaphragm walls; boat ramps and slipways; beach

construction and nourishment; and marinas and pontoons.


Highlights


847

694

444

162

114

9392

56 24

19.1%

16.5%

21.0%

2012 2013 2014


1,32

9

1,39

0

1,32

6 838

911

915

69

169

108

0.43

1.48

1.15

2012 2013 2014




Source:

National Marine Dredging Company PSC (cont’d)

Growth in 2013 vs. 2010

Among the projects undertaken by the National Marine Dredging

Company are dredging works to construct a “Destination

Village” to host the Volvo Ocean Race in Abu Dhabi in 2011;

dredging works to nourish the beach of Yas Island; rehabilitation

and 2.7 km. extension of the Corniche public beach in Abu

Dhabi; land reclamation on Sir Baniyas Island; dredging and

sand reclamation to create the Nareel Island in 2007; site

preparation works on Al Maryah Island (Abu Dhabi); and

dredging and sand reclamation works to create Al Gurm Island

Resort.

Marine construction projects include dredging the channel and

basin of the Sulphur terminal at Ruwais Port and creation of 20

mn m³ artificial island; dredging a navigation channel at

Ghantoot Harbour; capital and maintenance dredging at berths

14 & 15 at Jebel Ali Port in Dubai; dredging and reclamation for

the new central areas of Fujairah Port, deepening of the then

existing port to a depth of -15 m. and dredging of a complete

new basin to a depth of -18 m.; dredging, reclamation and

marine works for the New Fishing Port at Abu Dhabi (2009-

2011); construction of the Mussafah Channel, Abu Dhabi, (63.5

km. long, 200 m. wide; 9 m. deep); and design and

construction of a private marina (Al Bateen Marina) for the

berthing of yachts with a design depth of – 8.5 m., New Abu

Dhabi Datum.

The company’s fleet consists of cutter suction dredgers (CSD)

with capacity from the small Beaver dredger Jananah (1,795

KW) to the most powerful automated dredger the Al Sadr

(20,725 KW). The dredgers are supported by tugs and multicat

crafts, and A-Frame barges wherever necessary.

Market Capitalisation vs. Equity to Market Value

Highlights


19%18%

11%

0.29%

1

Revenue growth Fixed assets growth

Equity growth Share price growth

2,27

6

2,08

7

2,27

8

1,95

9

1.05

1.36 1.35

1.70

2006 2007 2008 2009

Market capitalisation, AED mn Equity to market value



Source:

Appendix

Road Infrastructure Projects, Qatar Road Infrastructure Projects, Saudi Arabia

Ashghal, Doha News, J&P Group, Construction Week Online, Technical Review Middle East, www.roadtraffic-technology.com, Zawya Projects via KFHR

ProjectValue,

USD mn

Expected

Completion Date

Rennovation of Qulaiba-Abu Ajram road 757.0 Q2 2015

Jubail - Al Qassim expressway 97.0 July 2016

Hail - Madina dual carriageway extension 48.0 July 2016

Riyadh Roads - Group 20 48.0 Q1 2017

Abu Hadriyah/ Hafr Al Batin/ Rafha road refurbishment 37.3 H2 2015

Madina to Tabouk expressway road 37.3 Project in progress as

of May 2015

Northern Borders roads rehabilitation 37.1 January 2016

Al Jamjom to Al Zema highway 37.0 2017

Jazan coastal highway extension 37.0 Project in progress as

of May 2015

Yanbu to Al Sharaf roads repair 35.0 December 2015

Al Kharj to Al Gwayiyyah dual carriageway 33.4 July 2016

King Fahed and Rawda road intersection 28.8 Q2 2015

Al Jawf Main Roads - Group 1 27.5 H1 2016

Jazan agricultural roads - Group 26 27.2 July 2016

Madina roads extension - Group 17 24.0 July 2016

Riyadh roads extension 27.2 July 2016

Jazan roads extension 22.5 July 2015

Makkah Road Group 21 22.5 September 2016

Al Kharj to Riyadh/Dammam highway dualisation

diversion 21.5 July 2016

Smaller projects 288.0

(total value)

Projects in progress as

of May 2015

Project

Value,

USD mn

Expected

Completion

Date

New Orbital Highway and Truck route, 145 km

road section 3,760 2017

New Orbital Highway and Truck route , 44 km

road section

Contract to be awarded as of

May 2015

East West Corridor 1,070 2017

Dukhan Highway East, 9.7 km. of dual four-lane

road 1,020 2017

Lusail Expressway, 5.3 km. four-lane highway 962 2017

Rawdat Al Khail Street project, 10 km of new dual

carriageway 632

2016

Al Wakra Bypass, 11 km. of dual five-lane

carriageway 601 2017

North Road enhancements, 95.2 km. of route 594 2016

Dukhan Highway Central, 15 km. of double four-

lane road 385

2016

Al Rayaan Road, Phase 1, 2.9 km. of dual

carriageway 280 2016

Al Rayaan Road, Phase 2, 5.5 km four-lane dual

carriageway, 6 km of side roads and 11 km

associated service roads

944

2017

Local road projects 6,140

(approx. total

cost)

Q2 2016




Contact:

Corporate Headquarters

6-8 Bouverie Street

London EC4Y 8DD

UK

Voice: +44 20 7779 8100

Fax: +44 20 7779 8224

Americas Headquarters

225 Park Avenue South

New York, New York 10003

US

Voice: +1 212 610 2900

Fax: +1 212 610 2950

Asia Headquarters

Eucharistic Congress Bldg. No.

III

4th Floor, 5 Convent Street

Mumbai 400 001

India

Voice: +91 22 22881123

Fax: +91 22 22881137

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Any redistribution of this information is strictly prohibited. Copyright © 2015 EMIS, all rights reserved. A Euromoney Institutional Investor company.

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