Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Etihad Rail Saudi Railway sign agreement  Join our daily free Newsletter

MENAFN - Khaleej Times - 11/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The agreement will serve as a partnership between both parties and will enhance the relationship and long-term collaboration that will ultimately promote and lead to the successful economic development of the railway industry in the uae and saudi arabia.

the deal will boost the relationship and long-term collaboration between etihad rail and saudi railway company. — supplied photo

etihad rail — the developer and operator of the uae’s national railway network — signed a memorandum of understanding with saudi railway company or sar that will enhance collaboration and coordination for the rail industry among gcc members.

signed by eng faris saif al mazrouei acting ceo of etihad rail and sar ceo dr rumaih bin muhammad al rumaih the mou seeks to introduce common solutions leverage best practice and allow for the free exchange of ideas and knowledge to improve the safety efficiency and economy of both countries’ railways networks.

the agreement will serve as a partnership between both parties and will enhance the relationship and long-term collaboration that will ultimately promote and lead to the successful economic development of the railway industry in the uae and saudi arabia. committees including representatives from both parties will be created and collaborative meetings seminars and workshops will be held on a regular basis.

eng al mazrouei said: “we are proud to announce this important mou with sar. we already work closely with our gcc neighbours in an effort to ensure that technical standards and technology for the railway network in the gcc are consistent and this agreement will pave the way for greater cooperation collaboration and the exchange of knowledge with sar.”

“we can greatly benefit from saudi arabia’s pioneering experience particularly given that both etihad rail and sar share common goals and aim to leverage the latest technology and the highest standards of safety and to provide the most sustainable services in the transportation field.“

he added: “work on the uae’s national railway is progressing on schedule and etihad rail believes that forming strong relationships with stakeholders of all railway projects in the gcc will further contribute to the success of the operation of the rail as well as provide a secure link between the uae and its neighbours. we are pleased that the completion of stage one of etihad rail also represents the completion of the first stage of the main gcc line.”

dr al rumaih said: “establishing such relations and cooperation with etihad rail will improve both projects’ executional mechanism and operations efficiency in the future not only for saudi arabia and the uae but for all gcc countries. this will contribute to creating an attractive market environment for rail and open doors to compete with other means of transportation especially for freight and heavy haul.”

he also said that “sar had built through the last eight years an extensive experience in both railway projects and operations that our partners across the gcc can benefit from.

the scale of the whole saudi railway networks between cities is more than 7200km. sar is taking a big portion of that by projects of more than 4500km.”

etihad rail works closely with key stakeholders throughout the uae as well as the gcc members through the gcc secretariat-general with shared goals aspirations and business objectives to deliver the railway professionally efficiently and on schedule.


 


Khaleej Times




  MENA News Headlines
 Aug 29 2015 - Abraaj exists Condor Travel stake to CarlyleMENAFN
(MENAFN) Dubai-based Abraaj Group has announced the signing of an agreement to exit its stake in Condor Travel to The Carlyle Group.The exit, through Abraaj's Latin American Fund, marks the first ...

 Aug 29 2015 - GCC construction contracts to drop to USD194b in 2015MENAFN
(MENAFN) Construction in the GCC will increase in value despite a slight dip in the overall contract awards this year caused in part by cheap oil, according to an industry expert.The man behind the ...

 Aug 29 2015 - Middle East business confidence continues to drop in Q2MENAFN
(MENAFN) Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to a new survey.The ...

 Aug 29 2015 - 9 hours battling death at sea off the Libyan coastThe Peninsula
(MENAFN - The Peninsula) Pakistani teenager Shefaz Hamza spent nine hours at sea clinging to the wreckage of a migrant boat that sank off Libya. By the time the coast guard arrived his mother and ...

 Aug 29 2015 - Qatar Exchange index jumps 3.08pcThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange (QE) index finished in the green yesterday, after a sharp rise in all sectors. The market gained 3.08 percent or 337.84 points to reach 11,295.46. The market ...

 Aug 29 2015 - Arabs brace for weak oil for rest of 2015The Peninsula
(MENAFN - The Peninsula) A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to ...

 Aug 29 2015 - Lebanon- Hezbollah, Christian allies boycott cabinet meetingThe Peninsula
(MENAFN - The Peninsula) The Lebanese Shia group Hezbollah and allied Christian politicians boycotted a cabinet meeting yesterday, a sign of rising political tensions that have paralysed Prime ...

 Aug 29 2015 - IS kills two generals in IraqThe Peninsula
(MENAFN - The Peninsula) suicide attack claimed by the Islamic State (IS) group killed two Iraqi generals yesterday in the key battleground province of Anbar, as the militants made gains in ...

 Aug 29 2015 - Iraq- At least 11 Daesh Militants Killed in AnbarThe Peninsula
(MENAFN - The Peninsula) 11 Daesh militants, some of them belonging to foreign nationalities, were killed in a pre-emptive attack against a hideout of the organization east of Ramadi city, in Anbar ...

 Aug 29 2015 - At least 78 dead in Libya refugee boat disasterThe Peninsula
(MENAFN - The Peninsula) At least 76 people have died after a ship carrying hundreds of migrants and refugees sank off the coast of Libya, the Libyan Red Crescent said Friday. The United Nations ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help