Muscat – In a significant growth in direction of enhancing regional logistics and commerce, Hafeet Rail has signed a number of key agreements to advance the Oman-UAE railway undertaking.
On Thursday, the corporate introduced a long-term industrial partnership with EMSTEEL, alongside awarding development contracts to totally different worldwide corporations, marking a vital step in constructing a world-class rail community connecting the 2 nations.
Hafeet Rail signed a ‘Heads of Phrases Settlement’ with EMSTEEL, one of many area’s largest metal and constructing supplies producers, to facilitate the transportation of limestone and purple shale from Oman to the UAE. Below this settlement, the railway will deal with an annual freight quantity of 4.2mn tonnes over a 15-year time period, guaranteeing a seamless provide chain for essential uncooked supplies.
“This settlement is a big step ahead for EMSTEEL because it ensures a dependable and sustainable provide chain for our cement unit,” mentioned Eng Saeed Ghumran al Remeithi, Group CEO of EMSTEEL.
The undertaking aligns with Oman Imaginative and prescient 2040 and the UAE’s Operation 300bn initiative, supporting sustainable financial development and reinforcing the area’s place as a commerce and logistics hub.
Ahmed bin Ali al Bulushi – Hafeet Rail’s board member and CEO of Asyad Drydock and Infrastructure Companies – mentioned that these contracts would improve the technical and industrial capabilities of the community whereas reinforcing seamless integration between native industries and regional markets.
“By fortifying cross-border connectivity, we’re unlocking unprecedented commerce potential and positioning the area as a logistical powerhouse within the world economic system.”
To additional the undertaking’s implementation, Hafeet Rail has awarded development contracts to Larson & Toubro (L&T) and Energy China for the event of key railway amenities in Oman. These state-of-the-art amenities, to be constructed in Buraimi and Suhar, will improve freight dealing with for bulk, containerised, and breakbulk cargo, guaranteeing multimodal connectivity and operational effectivity.
The Suhar facility may also embrace upkeep provisions for locomotives and wagons, strengthening the railway’s long-term reliability.
As well as, China Railway Rolling Inventory Company (CRRC) has been contracted to provide a fleet of superior freight wagons designed for multi-modal adaptability.
These wagons will optimise the motion of assorted cargo sorts, enhancing community agility and sustainability.
Ahmed al Musawa al Hashemi, CEO of Hafeet Rail, described the agreements as a transformative step. “This initiative strengthens the UAE and Oman’s positions as key commerce and logistics hubs, fostering larger financial diversification, industrial enlargement, and cross-border funding.”
By aligning with nationwide financial priorities, he mentioned, Hafeet Rail is constructing a high-impact transport hall that’s to boost regional competitiveness and stimulates sustainable development.
The Oman-UAE railway undertaking is poised to redefine the area’s logistics panorama, providing dependable rail-based freight options to scale back provide chain dangers and assist industrial development. With a concentrate on financial integration and long-term worth creation, the undertaking goals to unlock new commerce alternatives and cement the area’s standing in world commerce corridors.
