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Deutsche Bahn signs $26B Qatar Railroad Deal - ASHARQ AL-AWSAT English Archive
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DOHA, Qatar, (AP) – An investment company owned by Qatar’s sovereign wealth fund has signed a $26 billion (euro17 billion) joint venture with Germany’s national railway operator to build a railroad network in the natural gas-rich Gulf sheikdom.

Qatari Diar Real Estate Investment Company and Deutsche Bahn AG will develop a metro system in Qatar’s capital, a national railroad network for passenger and freight traffic, and a long-distance connection to neighboring Bahrain.

The project will take about 15 years to complete.

The deal was signed on Sunday in Doha by Qatari Diar’s chief executive and managing director Ghanim Bin Saad al-Saad and Deutsche Bahn’s chairman and chief executive, Ruediger Grube.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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