- Etihad Rail, Oman Rail, and Mubadala Investment Company form Hafeet Rail for a $3 billion Omani-Emirati railway network.
- The agreement was signed during Sultan Haitham bin Tarik’s visit to the UAE.
- Hafeet Rail replaces the Oman and Etihad Rail Company, named after Jebel Hafeet.
- Trojan Construction Group and Galfar Engineering awarded the civil works contract.
- Passenger trains to run at speeds up to 200 km/h, reducing travel time between Sohar and Abu Dhabi to 100 minutes.
Etihad Rail, Oman Rail, and Mubadala Investment Company have entered into a shareholder agreement to establish the Omani-Emirati railway network. The $3 billion project’s construction is set to commence following the signing of this agreement.
The agreement was signed during a recent visit by Oman’s Sultan Haitham bin Tarik to the UAE, as stated in a press release on Friday. As part of this agreement, the three entities have introduced a new corporate identity for their joint venture.
It will now be known as Hafeet Rail, replacing the previous name, Oman and Etihad Rail Company. The new name is a tribute to Jebel Hafeet, which extends between Oman and the UAE.
Furthermore, a contract has been awarded for the civil works and construction tender of the joint network to an Omani-Emirati venture led by Trojan Construction Group and Galfar Engineering and Contracting. Siemens and HAC have also been awarded a tender for the systems and integration of the railway network.
Once completed, Hafeet Rail will offer a faster mode of transportation between the UAE and Oman. The passenger trains are designed to reach speeds of up to 200 kilometres per hour.
Travel time between Sohar and Abu Dhabi will be reduced to 100 minutes, while a journey between Sohar and Al Ain will take only 47 minutes. Each train will have the capacity to carry up to 400 passengers.
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