Mubadala and Oman and Etihad Rail partner to provide support for the construction of a 303-kilometer railway network with a total investment value of $3B.
The partnership between Mubadala and Oman and Etihad Rail aims to enhance collaboration and aid the Oman and Etihad Rail Company in speeding up the planning and implementation of the UAE-Oman rail network.
The cooperation agreement includes the establishment of joint working groups and committees to exchange knowledge and expertise, as well as collaborative efforts to develop economic and financial feasibility studies, and joint investments in the construction of the UAE-Oman railway network.
In September 2022, Etihad Rail signed a deal with Oman Rail to create a jointly-owned firm that would design, construct, and operate a $3B railway network connecting Sohar Port to the UAE’s rail network.