Dubai expects to solicit bids within eight months for road projects worth as much as $1.1 billion.
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From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate's economy as lower crude prices strain budgets in the oil-dependent Gulf region. Dubai expects to solicit bids within eight months for road projects worth as much as 4 billion dirhams ($1.1 billion) as part of a bigger drive to upgrade transport links in the city, Mattar al-Tayer, director general and chairman of its Roads and Transport Authority, said in an interview in the city. His comments followed the awarding Wednesday of a 10.6 billion-dirham contract to extend the emirate's metro-train system as Dubai prepares to host the 2020 World Expo.
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