UAE-Oman rail network receives $3 billion investment boost under Mubadala deal – The National

UAE-Oman rail network receives $3 billion investment boost under Mubadala deal – The National

Ambitious plans for a new rail network connecting the UAE to Oman have taken a major step forward with a $3 billion investment deal.

Oman and Etihad Rail Company, a joint venture between Oman Rail and Etihad Rail to oversee the project, has signed an agreement with Abu Dhabi's Mubadala Investment Company for the development of the 303km route.

The key transport link, first announced in September, aims to bolster trade and tourism opportunities between the two Gulf neighbours and the rest of the region.