INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Etihad Rail inks transport deal with Western Bainoona Group

    • The deal will see a total of 4.5 million tons of Western Bainoona Group’s construction materials transported annually on 643 trains

    • The materials will come from the group’s Fujairah facilities to logistics hubs in the Industrial City of Abu Dhabi and Dubai Industrial City

    Etihad Rail has signed a deal to transport construction materials for the Western Bainoona Group, said local reports on Tuesday, August 3.

    Etihad Rail is the developer and operator of the UAE’s National Rail Network.

    The reports said it will now provide rail freight services to transport construction materials from Western Bainoona Group’s Fujairah facilities to Abu Dhabi and Dubai.

    The partnership is said to be one of Etihad Rail’s largest commercial partnerships for Stage Two of the UAE’s National Rail Project.

    The deal is expected to see a total of 4.5 million tons of Western Bainoona Group’s construction materials transported annually on 643 trains from Fujairah to logistics hubs in the Industrial City of Abu Dhabi and Dubai Industrial City.

    Etihad Rail is reportedly allocating 70 wagons for each train — which will be around 1 km long — with an approximate capacity of 7,000 tons per trip.

    The local reports quoted West Bainoona Group Chairman Mohammed Khalfan Al Hameli as saying: “In sum, the network will enhance the capacity of companies operating across the UAE.”

    He added: “Companies can develop their business by redirecting assets and reducing transportation costs, efficiently utilizing their time and resources to become active players in the development of the UAE.”