Mubadala Sign Agreement to Back UAE-Oman Railway Network Project

Abu Dhabi's Mubadala Investment Company signed a cooperation agreement with the Oman and Etihad Rail Company as for the development of the 303km railway network between UAE and Oman.

The mega project that is proposed to link the port of Sohar in Oman and the UAE rail network is going to cost an estimated $3 billion.

The regional rail line will serve both passenger and cargo trains and aims boost tourism and trade between UAE, Oman, and the rest of the region.

“The signing of the cooperation agreement between Oman and Etihad Rail company and Mubadala reflects the commitment of both parties to building strategic partnerships and strengthening cooperation with leading entities to promote investment, economic growth, and comprehensive development in both countries”, stated Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE Minister of Energy and Infrastructure.

The passenger trains on the proposed link will reduce the travel time between Sohar and Al Ain to 47 minutes and Sohar and Abu Dhabi to 1 hour and forty minutes.

Passenger trains will be travelling at speeds up to 200 km/hour, while freight trains will be enabled with speeds up to 120 km/hour.

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This article was previously published on UAE Moments.To see the original article, click here