ABU DHABI: Ahmed Al Musawa Al Hashemi, CEO of Hafeet Rail, affirmed that the railway venture between the Sultanate of Oman and the United Arab Emirates has entered into the implementation part on Tuesday.
He mentioned that a number of tangible steps have been made, beginning with the signing of the partnership settlement between stakeholders, and the awarding of main contracts for the venture to a UAE-Omalliance comprising firms from each international locations working as one staff.
Al Hashemi, chatting with the Emirates Information Company (WAM) on the sidelines of the joint UAE-Oman Enterprise Discussion board in Abu Dhabi, emphasised that the venture will yield quite a few financial and social advantages. He highlighted that the railways function with excessive effectivity when it comes to security and safety and are among the many most sustainable technique of transportation environmentally.
He affirmed his expectations that the UAE-Oman railway venture will function a catalyst for additional cooperation in varied financial and industrial sectors, noting its direct impression on passenger motion between the 2 international locations, additional boosting tourism and ties between their peoples.
He added that the railway line on this venture extends from the present community within the UAE, particularly from the Al Wathba space to the town and port of Sohar, passing by means of numerous geographical areas from desert to mountainous and valley areas, and working alongside Jebel Hafeet, from which the three way partnership firm Hafeet Rail derives its identify.
The joint UAE-Omani Enterprise Discussion board on Tuesday witnessed the disclosing of the brand new model id of Hafeet Rail, which was beforehand generally known as “Oman and Etihad Rail Firm.”
Printed On Apr 24, 2024 at 01:01 PM IST
Be part of the group of 2M+ trade professionals
Subscribe to our publication to get newest insights & evaluation.
