RIYADH: Oman Rail has signed an agreement with Etihad Rail, UAE’s national developer and operator of railway networks, to jointly establish an equally-owned company named Oman-Etihad Rail Co.
The agreement was signed on the sidelines of UAE President Sheikh Mohamed bin Zayed Al-Nahyan’s visit to Oman.
According to a report from news agency WAM, $3 billion will be invested in the new entity to design, develop and operate a railway network connecting Sohar Port to the UAE National Rail Network.
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