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GCC States- A mega project heaven
- 1. GCC Countries: Where Mega Projects are the Norm
- 2. GCC Countries: Where Mega Projects are the Norm 2 • $2.5tn worth of projects are ongoing or in advanced planning stage in the Middle East and North Africa region (MENA): – Currently being built: $1,4 tn – Advanced development stage: $600 bn – Early-stage projects: $500 bn • Majority of the projects under development (just over $1tn) are on infrastructure and real estate. • GCC countries account for nearly 90% of the projects being built (by value) • 60% of the GCC projects are in Saudi Arabia and the UAE: – Saudi Arabia $784bn – UAE $669bn – Qatar $273bn – Kuwait $249bn – Oman $127bn Source: Citi Research 2014 • GCC in a nutshell: – Gulf Co-operation Council – A political and economic union comprising of all Arab states of the Arabian Gulf (except Iraq) – Established in May 1981 – Population of 46 million with a GDP per capita of $33,000 – All GCC countries have part or all of their coastline on the Arabian Gulf • Member states are: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates
- 3. GCC Top 25 Projects 3 1. King Abdullah City of Atomic and Renewable Energy 2. King Abdullah Economic City (KAEC) 3. 500,000 Housing Units in Different Areas of Saudi Arabia 4. Mohammed Bin Rashid (MBR) City 5. Qatar National Rail Scheme 6. Sudair Industrial City 7. Jeddah Kingdom City 8. Ras Al Khair Minerals Industrial City 9. Riyadh Light Rail Network 10. Chemaweyaat Complex 11. Nuclear Power Plant in Abu Dhabi 12. Jubail II - Sadara Petrochemical Complex 13. South Obhur Project 14. Nuclear Power Plant – Bahrain 15. King Faisal University in Al-Ahsa 16. New Refinery in Al Zour, Kuwait 17. Al Ruwais Development in Jeddah 18. Makkah-Madinah Railway Link (MMRL) – Haramain 19. Qasr Khozam 20. Oman Rail 21. Clean Fuels Project – Kuwait 22. Yanbu Export Refinery 23. Etihad Rail 24. Lulu Island Development 25. Expansion of Makkah Holy Haram Source: ConstructionWeekOnline.com
- 4. How Safmarine Connects Finland with the GCC 4 Indicative Transit times Discharge Port / Destination Weekly Sailing Helsinki Kotka Rauma Abu Dhabi, U.A.E Yes 42 49 45 Ajman, U.A.E Yes 36 43 39 Al Jubayl, Saudi Arabia Yes 40 47 43 Bahrain, Bahrain Yes 38 45 41 Dammam, Saudi Arabia Yes 38 45 41 Doha, Qatar Yes 37 44 40 Dubai, U.A.E Yes 33 40 36 Fujairah, U.A.E Yes 39 46 42 Jebel Ali, U.A.E Yes 31 38 34 Jeddah, Saudi Arabia Yes 25 29 25 Khor Fakkan, U.A.E. Yes 33 40 36 Kuwait (Shuwaikh), Kuwait Yes 41 48 44 Qchem, Qatar Yes 38 45 41 Ras Al Khaimah, U.A.E Yes 33 40 36 Riyadh, Saudi Arabia Yes 41 48 44 Salalah, Oman Yes 28 35 31 Sharjah, U.A.E Yes 39 46 42 Shuaiba, Kuwait Yes 43 50 46 Sohar, Oman Yes 38 45 41 Umm Al Quwain, U.A.E. Yes 33 40 36 Umm Saieed, Qatar Yes 36 43 39 Yanbu Al Bahr, Saudi Arabia Yes 32 36 32 Average 36 43 39 Safmarine GCC Coverage: • Weekly sailings from Helsinki, Kotka, Rauma • Industry leading schedule reliability • Extensive equipment pool of standard as well as special containers (flat racks, open tops, refrigerated) • Competitive transit times • Own agency network providing local customer oriented services • Extensive intermodal capabilities • A wide range of e-commerce solutions
- 5. Safmarine Finland Teollisuuskatu 21 FI-00511 Helsinki Tel: +358 9 4250 5371 FINSCLSAL@safmarine.com www.safmarine.com