Africa’s second most populous country, which was ranked the third-poorest in the world in 2000, has seen a meteoric rise through state spending on roads, giant dams and industrial parks. Ethiopia’s services sector has also contributed significantly towards rapid growth. With an annual GDP per capita of USD 80 billion, it is miraculous that Ethiopia has seen poverty rates fall to 31% in less than a decade, making it among the top three fastest growing economies of the world.
Asia’s burgeoning population has increased daily commute times, putting pressure on metro networks. Investing in urban rail infrastructure is proven to be the most efficient solution for reducing traffic congestion, aiding population and economic growth – as well as reducing emissions-related pollution. It should come as no surprise then, that PWC estimates that investments in subway systems across Asia may exceed USD230 billion within the next 15 years.