Oman Rail, Etihad Rail, and Mubadala Investment Company have all reached an agreement to start building the Oman-UAE railway network.
While on a state visit to the United Arab Emirates, Sultan Haitham bin Tarik, Sultan of Oman, signed the agreement.
The $3 billion Hafeet Rail project, which will connect the Oman-UAE railway across 303 km of rail, has received the green light from its shareholders.
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Etihad Rail Chairman and Presidential Court for Development and Fallen Heroes’ Affairs Deputy Chairman, participated in the shareholder agreement signing.
Starting in Abu Dhabi and ending in Sohar, “Hafeet Rail” will make a midway stop at Al Ain. As it winds its way over valleys and mountains, the rail network will pass via the world-famous Jebel Hafeet.
Once it’s up and running, the trip from Abu Dhabi to Sohar will take only 100 minutes instead of the current 240. Additionally, trains operating on the network will have the capability to reach speeds exceeding 200km/h. “Oman and Etihad Rail Company” was the original name of this project.
By linking the two nations’ commercial ports to their trains, the network will make cross-border commerce easier. You can fit more than 270 standard containers’ worth of cargo on a single goods train trip, which is over 15,000 tonnes.
The mining, iron and steel, agricultural, culinary, retail, e-commerce, and petrochemical industries are just a few that will benefit from Hafeet Rail’s construction in both nations.
