The Board of Directors of Oman and Etihad Rail Company oversee the progress of the UAE-Oman Railway Network Project
31 March 2023, Muscat, Oman: The Board of Directors of Oman and Etihad Rail Company have praised the leadership of both countries for their support of the joint railway network connecting Sohar Port with the UAE National Rail Network. The backing is set to accelerate the project's development, fostering sustainable growth, in addition to strengthening economic ties between the two nations.
During their meeting, members of the Board underscored the significance of this joint project, which marks a new milestone in the relationship between the two countries. The project aims to facilitate passenger and freight movement, create rewarding job opportunities for professionals in both countries, and foster sustainable development and stronger ties through the development and operation of a safe, secure, and efficient railway network connecting the Sultanate of Oman and the United Arab Emirates.
Held in Muscat, the meeting was attended by His Excellency Suhail bin Mohamed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure in the UAE and Chairman of the Board of Directors of Oman and Etihad Rail Company, and His Excellency Eng. Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications, and Information Technology, and Vice Chairman of the Board of Directors of Oman and Etihad Rail Company. The goal of the meeting was to review the company's achievements, developments, research, and studies conducted during the recent period.
During the meeting, the Board members were updated on the progress of the joint network, as well as the results of engineering design reviews and system studies. These studies provide engineering solutions aligned with international standards and are designed to meet the challenges of local environmental conditions.
The Board members also discussed the company's efforts to ensure the application of international best practices and the adoption of the latest technologies and systems to develop an integrated railway network. These measures guarantee smooth train operations and facilitate seamless border crossings, meeting the requirements for rapid and efficient transportation of passengers and goods.
In February 2023, Oman and Etihad Rail Company signed a cooperation agreement with Mubadala Investment Company, a sovereign investor in Abu Dhabi. This partnership reflects both parties' commitment to exploring investment opportunities and expanding cooperation in the railway sector, supporting and accelerating the preparatory work and completion of the UAE-Oman Railway Network project's implementation plan.
About Oman and Etihad Rail Company:
Oman and Etihad Rail Company was established in September 2022, as a joint venture, equally owned by Etihad Rail, the developer and operator of the UAE National Railway Network, and Oman Rail, Sultanate’s national developer and operator of the railway network, with the goal of designing, building, and operating a railway network that links Sohar Port to the UAE National Rail Network, with a total project investment of 3 billion dollars.
The company will lay the groundwork and work plan for the execution of the project, including its financial mechanisms and schedule, and thus overseeing the design, implementation, and operation of the railway network, which connects Sohar and Abu Dhabi, in line with the standards of the two countries.