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Home BusinessToday Deals

Etihad Rail, Al Jaber Group sign MoU

Staff writer by Staff writer
July 9, 2014
in Deals
Etihad Rail, Al Jaber Group sign MoU
Etihad Rail, Al Jaber Group sign MoU

Etihad Rail, the developer and operator of the U.A.E.’s national railway, and Al Jaber Crushers and Quarries, a subsidiary of Al Jaber Group, have signed a Memorandum of Understanding (MoU) to utilise rail transport for the company’s logistics operations.

The MoU was signed by Faris Al Mazrouei, Acting CEO of Etihad Rail, and Khalifa Obaid Al Jaber, Al Jaber Group board member. It establishes a strategic collaboration between the two parties and allows Al Jaber Crushers and Quarries to transport its products in a cost and time effective manner.

By 2019, Al Jaber Crushers will be able to transport its various products, including stones, sand, and other aggregated material, from its loading station at Shawkah in Ras al-Khaimah to offloading stations at Port Saqr, Jebel Ali in Dubai, Abu Dhabi Industrial City and Al Ruwais in Abu Dhabi as well as Al Ain.

Al Mazrouei said, “We are delighted with the agreement and we believe that Al Jaber Group will witness significant benefits from our future rail operations. We are proud to work with established national companies and this is an important part of our strategy. Our services will provide U.A.E. organisations with sustainable solutions in transportation and logistics.” Mr. Al Jaber commented, “We are proud to announce this important MoU with Etihad Rail. We are contributing to the development of this prestigious project, and looking forward to benefiting from this 1,200 kilometres national rail network in the logistical operations of Al Jaber Crushers and Quarries. This agreement provides the most sustainable services in the transportation field in the U.A.E..” Once fully operational, Etihad Rail will cater to both freight and passengers. The rail network will connect urban and peripheral communities, facilitate trade, open up communication channels and foster economic development across all seven emirates. The network will also form a vital part of the GCC railway network, linking the U.A.E. to Saudi Arabia via Ghweifat in the west and to Oman via Al Ain in the east.

Source : WAM News Agency for United Arab Emirates

Tags: Al Jaber GroupEtihad RailMoU
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