Page last updated at 12:45 GMT, Sunday, 22 November 2009

Deutsche Bahn in $25bn Qatar and Bahrain rail deal

Deutsche Bahn's headquarters in Berlin
Deutsche Bahn is based in Berlin

German rail operator Deutsche Bahn has signed a 17bn euro ($25bn; £15bn) contract to build rail and underground lines in Qatar and Bahrain.

For Qatar's capital Doha, Deutsche Bahn will design and build a four line metro system with 98 stations.

A high speed train line to neighbouring Bahrain is also planned, with trains reaching speeds of 350km/h (220mph).

The contract will create a new company called the Qatar Railways Development Company.

Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani and German transport minister Peter Ramsauer were present when the deal was signed in Doha.

Qatar Railways Development Company will be 49% owned by Deutsche Bahn and 51% by Qatari Diar, Qatar's state-owned infrastructure and property development firm.

Deutsche Bahn said that it hoped to win more contracts in the Middle East following what it hoped would be a fruitful partnership with Qatar.

Print Sponsor

US embassy sold to Qatari group
03 Nov 09 |  London
German rail privatisation agreed
30 May 08 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific