Wednesday, April 24, 2024
The railway challenge between the Sultanate of Oman and the UAE has now entered into the implementation section, stated Ahmed Al Musawa Al Hashemi, a high official of Oman and Etihad Rail Firm (which has been now rebranded as Hafeet Rail).
A three way partnership between Oman Rail and Etihad Rail, Hafeet Rail, will function the railway community linking Sohar Port to the UAE Nationwide Rail Community, with a complete challenge funding of $3 billion.
The rebranding announcement was made on the sidelines of the joint UAE-Oman Enterprise Discussion board in Abu Dhabi held immediately (April 23) the place three main agreements pertaining to the joint rail challenge have been sealed.
Talking on the the discussion board, Al Hashemi stated a number of tangible steps have been taken, beginning with the signing of the partnership settlement between stakeholders, and the awarding of main contracts for the challenge to a UAE-Omani alliance comprising firms from each international locations working as one staff.
The primary is a partnership settlement between Etihad Rail, Oman Rail and Mubadala Funding signalling the challenge graduation.
The second is a set of civil contracts for the joint community, awarded to an Omani-Emirati three way partnership led by Trojan Building Group and Galfar Engineering and Contracting.
The third entails the techniques and integration contracts for the railway community, awarded to a partnership between Siemens and HAC.
On the brand new identification, he stated the brand new title pays tribute to Jabal Hafeet area which extends between Oman and the UAE.
The UAE-Oman railway challenge will function a catalyst for additional cooperation in numerous financial and industrial sectors, noting its direct impression on passenger motion between the 2 international locations, additional boosting tourism and ties between their peoples, remarked Al Hashemi.
The railway line on this challenge extends from the present community in UAE, particularly from the Al Wathba space to town and port of Sohar, passing via numerous geographical areas from desert to mountainous and valley areas, and working alongside Jebel Hafeet, he added.
