UPDATE 1-Qatar signs railway study deal with Deutsche Bahn
Reuters
DUBAI, Aug 27 (Reuters) - German railway operator Deutsche Bahn [DBN.UL], which is planning an initial public offering, has signed a deal to help design a multi-billion dollar rail network in the Gulf Arab state of Qatar.
Qatari Diar Real Estate Investment Co, a unit of the country's sovereign wealth fund, said on Wednesday the project's partners would develop the blueprint for integrating Qatar's planned railways into a national and regional network.
The Gulf Cooperation Council, which groups the six regional states, is working on a feasibility study with the World Bank to create a $2.5 billion pan-Gulf rail network.
Reuters
DUBAI, Aug 27 (Reuters) - German railway operator Deutsche Bahn [DBN.UL], which is planning an initial public offering, has signed a deal to help design a multi-billion dollar rail network in the Gulf Arab state of Qatar.
Qatari Diar Real Estate Investment Co, a unit of the country's sovereign wealth fund, said on Wednesday the project's partners would develop the blueprint for integrating Qatar's planned railways into a national and regional network.
The Gulf Cooperation Council, which groups the six regional states, is working on a feasibility study with the World Bank to create a $2.5 billion pan-Gulf rail network.
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