Oman Television announced on Wednesday that the Sultanate and the UAE have signed a cooperation agreement between Oman Railways and Etihad Rail to establish a joint venture that will develop and operate a rail network connecting the port of Sohar to the national rail network. of the United Arab Emirates. approximately 1.16. 1 billion Omani riyals (US$3.01 billion).
This agreement is one of the agreements and memoranda of understanding signed today between the two parties at Al Alam Palace, as part of the visit of the President of the United Arab Emirates, Sheikh Mohammed bin Zayed Al Nahyan, to the Sultanate of Oman.
It is planned to manage the route of the rail network between Sohar and the Emirate of Abu Dhabi, which extends over 303 kilometers.
The agreement was signed by engineer Shadi Malak, CEO of Etihad Rail, and engineer Abdulrahman bin Salem Al Hatim, CEO of ASYAD Group.
According to Al Hatmi, this project will bring strategic, economic and social benefits, such as supporting and diversifying the national economy, connecting the population and industrial centers between the two countries, developing infrastructure, strengthening social and family unity, strengthening and organizing the logistics sector. . . . and improve the performance of the tourism services sector.
For his part, Malak considered that the agreement outlines a strategic roadmap for a sustainable project that will help strengthen relations between the two countries and will play a crucial role in promoting trade at local and regional level.
Among the agreements signed is a memorandum of understanding in the area of energy between the Ministry of Energy and Minerals of the Sultanate of Oman and the Ministry of Energy and Infrastructure of the United Arab Emirates.
(Dollar = 0.3850 Omani Rial)
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