Abu Dhabi/Muscat: Investment of 3 billion dollars for the UAE-Oman rail project, which is moving forward on a high-speed track. Within 6 months of announcing the project, Mubadala, owned by the Abu Dhabi government, invested heavily.
Oman and Etihad Rail Company, a joint venture of Oman Rail and Etihad Rail, is responsible for the construction. The 303 km long UAE-Oman rail project was announced in September 2022. The project is part of strengthening industry and tourism between the two countries. Through this, it is also aimed to realize the proposed GCC rail by establishing rail links with other GCC countries.
It takes 47 minutes to reach Sohar from Al Ain and 100 minutes from Abu Dhabi to Sohar by train running at a speed of 200 km per hour. Freight trains will run at a speed of 120 km per hour. The two countries also signed another agreement to connect the UAE’s Etihad Rail to Sohar.
Mubadala will also be involved in rail network design, technical-environmental studies, project costing, infrastructure development, construction phases, operations and management. The total cost of the project is estimated at 1100 crore dirhams.