Oman-Etihad Rail Company signs logistics agreement with Brazil’s Vale

  • Date: 13-May-2023
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Oman
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Oman-Etihad Rail Company signs logistics agreement with Brazil’s Vale



Officials from Oman-Etihad Rail Network & Vale at MoU signing ceremony



Oman-Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a Memorandum of Understanding (MoU) with Vale, one of the world’s largest mining companies based in Brazil, to explore utilizing rail to transport iron ore and its derivatives between the Sultanate and UAE, connecting Vale’s industrial complex in Sohar Port and Freezone to its planned mega-industrial complex in the UAE.

This agreement reflects the logistical importance that the project will provide to major international players in several different sectors, as they stand to benefit significantly from the competitive advantages and economic incentives of the project.

The signing ceremony was witnessed by Mr. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of Oman and Etihad Rail Company, and Ms. Elaina Zugaib, Brazilian Ambassador to the UAE. The MoU was signed by Mr. Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Mr. Rogerio Nogueira, Director of Business Development at Vale.

Under the agreement, both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone and transport the company’s iron ore products