Oman Etihad Rail, Vale Signed MoU

Oman Etihad Rail, Vale Signed MoU

Oman and Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a Memorandum of Understanding (MoU) with Vale, to explore utilizing rail to transport iron ore and its derivatives between Oman and the 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 MoU was signed by Ahmed Al Musawa Al Hashemi, CEO of Oman and Etihad Rail Company, and Rogerio Nogueira, Director of Business Development at Vale.

Under the terms of 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 and derivatives between the company’s Sohar hub and various factories and distribution centers.

Suhail Mohammed Al Mazrouei, Minister of Energy and Infrastructure, Chairman of Oman and Etihad Rail Company, said, “The agreement is in line with our desire to continue to work on and establish strategic partnerships with major companies in the UAE and Oman,