 |
| |
UAE And Oman Ink Major Railway Agreement With Vale | |
| Sumita Pawar |
Oman and the UAE have signed a Memorandum of Understanding (MoU) with Brazilian mining giant Vale to explore using rail to transport iron ore and its derivatives between Oman and the UAE.
The move marks the start of a process to transport iron ore between the two countries and is a huge step forward for the region’s developing rail network.
 |
The MoU was signed by Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, Director of Business Development at Vale.
Oman and the UAE Team Up With Vale
Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, added, "We are proud to partner with a leading international company like Vale, which has a long history and extensive global experience in the production of iron, utilising rail as a primary means of transportation for its logistical operations.
"The MoU highlights the interest of potential users in utilising the UAE-Oman Railway Network and benefiting from its fast, sustainable, reliable, and cost-effective services."
Commenting on the MoU, Rogério Nogueira, Product and Operations Manager at Vale, said that the agreement supports Vale’s plans to develop industrial complexes in the UAE and Oman to produce low-carbon products for the steelmaking industry.
Both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone and transport the company’s iron ore products and derivatives between the company’s Sohar hub and various factories and distribution centres.
The agreement supports Vale’s plans to develop industrial complexes in the UAE and Oman to produce low-carbon products for the steelmaking industry.