Etihad Rail steps up activity to improve rail infrastructure
Etihad Rail, the developer and operator of the UAE’s national railway network, has signed a Memorandum of Understanding (MoU) with SNTTA Cargo, the logistics division of Liberty Investment Co, (LIC), the holding company of the Liberty Group.
The agreement with SNTTA Cargo, a leading freight and logistics services provider for several prestigious international airlines, will allow the company to take advantage of the benefits of rail transport for local and international customers. The MoU between the two parties was signed by Shaikh Khalid Abdul Aziz Al Qasimi, Chairman of LIC and Dr Nasser Saif Al Mansouri, CEO of Etihad Rail, at LIC’s corporate offices in Abu Dhabi. \
The agreement symbolises the benefit of integrating rail into the transport infrastructure, giving importers and exporters better control over costs and stronger competitive edge. In addition to moving goods in containers, SNTTA and Liberty are exploring the possibility of deploying the rail as a transportation mode for moving cars, SUV’s and light trucks. Infrastructure Commenting on the MoU, Dr Al Mansouri, Etihad Rail CEO, said, “Diverse infrastructure is essential to economic development, and the strongest economies across the globe have long since integrated rail into existing infrastructure.
Such a strategy not only contributes to the business growth of logistics providers and their customers, but also to economic development as a result according to an article in Gulf News. Etihad Rail’s MoU with SNTTA Cargo, considering its well-established presence in the UAE and with international airlines, will facilitate such growth for the UAE.” Shaikh Khalid said, “At SNTTA Cargo, our objective is to ensure that our customers’ cargo is transported in and out of the UAE through the most reliable and safe modes. Integrating rail into our existing mode of transport portfolio will lead to improved cost efficiency and greater customer satisfaction.
The advent of rail in the Middle East presents an opportunity for us to review how we move our cargo in a more sustainable manner. We are confident of the invaluable benefits this agreement will bring.” The Etihad Rail network caters for the transportation of bulk, non-bulk and containers, offering custom-made solutions for everything from steel and cement, to food, chemical products, and more. Network routes have been designed to accommodate each of these key customer sectors, with stations positioned to connect production hubs with points of import and export.
- Al Bustan Centre & Residence wraps up a successful participation in ATM 2015
- The reality of realty: inbound property investments in GCC 'far less' than outbound
- Dubai's hospitality sector is a sound investment
- Quiet and wise: How Oman is transforming itself into a major logistics hub
- Revealed: the top real estate tycoons in the ME
- Etihad Rail CEO participates in U.S. Global Infrastructure Conference
- Etihad Rail hosts seminars for key stakeholders and industry partners
- Billion dollar transport and rail infrastructure projects top of the agenda across the Middle East and North Africa
- Etihad Rail secures USD 1.28 billion in financing for stage one of strategic national railway project