ABU DHABI, UAE– Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies, to explore utilizing rail to transport iron ore and its derivatives between Oman and the UAE.
It is likely to connect Vale’s industrial complex in Sohar Port and Freezone to its planned mega-industrial complex in the UAE, local media reports said.
Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, Director of Business Development at Vale signed the deal.
The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone. The parties will work to transport the company’s iron ore products and derivatives between the company’s Sohar hub and various factories and distribution centers.
UAE Minister of Energy and Infrastructure and Chairman of Oman and Etihad Rail Company, said, “The agreement is in line with our desire to continue to work on and establish strategic partnerships with major companies in the United Arab Emirates and the Sultanate of Oman, supporting economic growth, continued development and investment in both countries.”