Connecting the UAE and Oman by railways opens new markets for companies in each international locations
The UAE-Oman railway undertaking, the Hafeet Rail, is about to considerably remodel regional freight transport by offering a high-speed, environment friendly rail hyperlink between the United Arab Emirates (UAE) and Oman.
The 303 KM railway will join the UAE’s Etihad Rail community at Al Ain with Oman’s Sohar Port, facilitating the seamless motion of products between the 2 nations. It would redefine the probabilities for companies to have the ability to get merchandise to their buyer’s international locations extra effectively.
New commerce corridors to open
Connecting the UAE and Oman by railways opens new markets for companies in each international locations. Corporations can broaden their buyer base and discover new enterprise alternatives throughout the border. The railway will present a dependable and environment friendly mode of transport for items, decreasing transit instances and prices related to different modes of transport comparable to street and air transportation.
Railways are cost-effective for big, heavy shipments over land, usually cheaper than trucking over lengthy distances. This implies there shall be a price discount for companies and clients because of prolonged rail networks.
Alternatives for logistics and transport sectors
It would allow companies to optimize their provide chains and reply extra swiftly to market calls for. The undertaking encourages financial integration between the UAE and Oman, selling commerce and funding. This integration can result in a extra cohesive financial atmosphere, benefiting companies by way of elevated stability and progress prospects.
The Hafeet Rail undertaking has awarded important contracts for its building and operation, together with agreements for railway amenities and inventory. These developments provide alternatives for building companies, engineering consultancies, and gear suppliers to take part within the constructing and equipping of the railway infrastructure.
Advancing GCC’s place as a worldwide logistics hub
The combination of rail networks throughout GCC international locations will enhance effectivity for industries reliant on well timed deliveries, comparable to manufacturing and retail that are at the moment closely reliant on street connectivity.
A well-connected GCC is extra interesting to international buyers because it expands how companies can join with their purchasers and clients. As buyers begin to see stable infrastructure enhancements, new cross-border alternatives will current themselves.
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Position of worldwide partnerships
Corporations ought to deal with this as a chance to have interaction in sub-contracting comparable to provide chain administration and know-how integration.
There are additionally important alternatives for specialised companies comparable to consulting, security administration, and undertaking financing. Corporations can present their experience and companies to align the railway with finest practices which can set the undertaking up for fulfillment.
Simon Gordon, Managing Director Sovereign PPG
