Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with Western Bainoona Group (WBG). The MoU will enable WBG to use rail for distribution from its crusher location at Tawyeen to the Etihad Rail distribution and export terminals in the UAE. The approximate annualised transport by rail volume is set to rise to 10,000,000 tonnes by 2020.
Commenting on the MoU, Eng. Faris Saif Al Mazrouei, Acting CEO of Etihad Rail, said: “By working with Etihad Rail, WBG stands to gain faster and more consistent transit times, lower overall cost for transport and capacity to move a larger quantity of goods at once.”
Al Mazrouei further added: “The agreement will provide Etihad Rail with additional volumes of bulk commodities transport within the UAE and will improve the overall efficiency of WBG’s business.”
Mohammed Khalfan Al Hameli, Chairman of WBG, commented: “Our organisaton is rapidly expanding and evolving its service offering. Today, the company’s strengths lie in producing and selling quarry products and Etihad Rail will provide us with a new alternative that is on the whole more cost-effeC especially for long haul journeys.”
Western Bainoona Group was founded in Abu Dhabi in 1990 and has an annual turnover of approximately AED 700 million. The company is an acclaimed name in the field of Construction, Civil Engineering Works, Crushers and Land Transportation in the UAE.
Etihad Rail has signed a series of MoUs and works closely with key stakeholders throughout the UAE. The AED 40 billion, 1,200 km Etihad Rail network will connect industrial areas as well as urban and peripheral communities throughout the country, facilitating trade and fostering economic growth.
The network will also form a vital part of the planned GCC railway network – linking the UAE to Saudi Arabia via Ghweifat in the west and Oman via Al Ain in the east. Etihad Rail works closely with GCC railways through the GCC Secretariat General with shared goals, aspirations, and business objectives to deliver the regional railway professionally, efficiently, and on schedule.
Etihad Rail recently signed an MoU agreement with Saudi Railway Company to share knowledge and experience for developing the GCC rail network.
Saturday, July 5- 2014 @ 11:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.