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Etihad Rail, the developer and operator of the UAE’s National Rail network, and Dubai Industrial City, one of the region’s largest manufacturing and logistics hubs and a part of Tecom Group, have announced an advanced freight terminal spread
Etihad Rail has announced that work was moving at a steady pace on the Stage Two of the UAE national rail network, with nearly 70% of the project already competed including the recent work on the 256-km railway link between Abu Dhabi and Dubai.
Etihad Rail, the developer of UAE's rail network, has secured financing worth AED1.99 billion ($542 million) from First Abu Dhabi Bank (FAB) to boost its railway passenger services, a first-of-its-kind, connecting the cities and regions of the emirates.
Etihad Rail, the developer of UAE's rail network, has secured financing worth AED1.99 billion ($542 million) from First Abu Dhabi Bank (FAB) to boost its railway passenger services, a first-of-its-kind, connecting the cities and regions of the emirates.
ABU DHABI, 24th February, 2022 (WAM) -- H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince's Court and Chairman of Etihad Rail, and Sheikh Mohamed bin Saif bin Mohamed Al Nahyan, Vice Chairman of FAB’s Board of Directors, today witnessed the signing of an agreement between Etihad Rail and First Abu Dhabi Bank (FAB) for financing railway passenger transport services, with a total value of AED1.990 billion. The agreement comes as part of the UAE National Railways Programme,...