Oman and Etihad Rail Company oversees $3bn project work
CONSTRUCTION NEWS
The Oman and Etihad Rail Company held a crucial meeting in capital Muscat to review the company's achievements, research and studies as well as the overall progress of the $3 billion railway network project being implemented to connect the sultanate to the UAE.
It was attended by Suhail bin Mohamed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure in the UAE and Oman and Etihad Rail Company Boaard Chairman and Engineer 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.
At the meeting, the board members underscored the significance of this joint project, which marks a new milestone in the relationship between the two countries.
The members also lauded the leadership of both countries for their support to the 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.
An ambitious project, the UAE-Oman Railway Network 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 two Gulf nations.
During the meeting, the 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, said the statement from the Omani firm.
Last month, Oman and Etihad Rail Company had signed an agreement with Mubadala Investment Company to explore investment opportunities and expanding cooperation in the railway sector in addition to supporting and accelerating the preparatory work and completion of the project's implementation plan.-TradeArabia News Service
