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
 Oct 10 2015 - Israelis worried but defiant amid wave of stabbingsGulf Times
(MENAFN - Gulf Times) Israelis are deeply unnerved in the midst of a spate of stabbings that have brought back memories of previous Palestinian uprisings, but say they are ready to "confront" any ...

 Oct 10 2015 - Saudi summons Czech envoy over 'Satanic Verses'Gulf Times
(MENAFN - Gulf Times) Saudi Arabia has summoned the Czech ambassador over a translation of British writer Salman Rushdie's controversial book "Satanic Verses", official media said on Friday. The ...

 Oct 10 2015 - Libya foes urged to sign long-awaited peace dealGulf Times
(MENAFN - Gulf Times) World leaders urged Libya's warring parties yesterday to sign a proposed peace deal installing a national unity government, after a cool response from some lawmakers in the ...

 Oct 10 2015 - Coalition warplanes bomb Yemen rebelsGulf Times
(MENAFN - Gulf Times) Warplanes from the Saudi-led coalition raided positions of the Iran-backed Shia insurgents east of the rebel-held capital yesterday, military sources said. The air strikes ...

 Oct 10 2015 - US halts failed programme to train Syrian rebel unitsGulf Times
(MENAFN - Gulf Times) Washington was forced yesterday to admit the failure of its plan to create Syrian rebel units to fight Islamic State, vowing instead to arm select local leaders. White House and ...

 Oct 10 2015 - Tunisian mediator group wins Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet yesterday won the Nobel Peace Prize for helping build democracy in the birthplace of the Arab Spring, an example of peaceful transition in a ...

 Oct 10 2015 - Hamas sees start of a new IntifadaGulf Times
(MENAFN - Gulf Times) Israeli troops shot dead six Palestinians in protests in Gaza and a knife-wielding Jewish man wounded four Arabs in southern Israel yesterday in a wave of violence that has ...

 Oct 10 2015 - Qatar electricity consumption: Domestic usage more than halfGulf Times
(MENAFN - Gulf Times) The domestic consumption, which included mainly residential customers, accounted for 57% of the sectoral electricity consumption in Qatar in 2014, according to a Qatar General ...

 Oct 10 2015 - Qatar- Expat sales executive gets one year jail for theftGulf Times
(MENAFN - Gulf Times) A Doha criminal court has sentenced an Indian man to one year in jail and ordered subsequent deportation for stealing electronic appliances from his employer, local Arabic daily ...

 Oct 10 2015 - Qatar- Unicef, EAC launch education project in KenyaGulf Times
(MENAFN - Gulf Times) Unicef and Educate A Child (EAC), a programme of Qatar's Education Above All Foundation, have launched the project Operation Come-To-School to accelerate access to education for ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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