The agreement outlines the collaboration between the two parties to form a joint leadership team and qualified task forces to follow up the progress and achievement of the project, as well as ensuring the completion of operational processes in accordance with the specified completion date, optimal performance methodologies and the relevant policies.
Speaking on the occasion, H.H. Sheikh Theyab bin Mohamed Al Nahyan said, “This agreement contributes to achieving our vision to connect cities and industries with a secure and sustainable railway network. It is also part of our mission to find economic logistics solutions for the rail network to connect the entire UAE and provide outstanding services to industries and society. ZonesCorp is a key partner for Etihad Rail as it is the largest developer and operator of purpose-built industrial zones in the UAE and is playing a leading role in developing the nation’s industrial sector.”
“This agreement reinforces our efforts by which Etihad Rail seeks to support alternative and new industries through establishing a new transport system that enhances the existing infrastructure and contributes to improving freight transport. It also promotes the UAE's leading role in shipping traffic, taking advantage of its geographical and economic position as a global logistics hub," His highness concluded.
H.E. Falah Mohammad Al Ahbabi, Chairman of the Department of Urban Planning and Municipalities said, “We are happy to be partnering with Etihad Rail and supporting the development of the industrial and commercial sector in Abu Dhabi. Etihad Rail’s logistic facility contributes to the integration of Abu Dhabi Logistics City, in order to provide a competitive environment for investment projects in the Higher Corporation’s economic zones and reduce operational costs for investors.
“Constructing a logistics facility and railway track, along with the necessary infrastructure, in Abu Dhabi Industrial City (ICAD) will contribute to consolidating logistics operations in one place, which will bring further growth in the process of handling containers and cargos, as well as logistics services. This will help Abu Dhabi to consolidate its established position on the global trade map,” Al Ahbabi said.
The agreement comes in line with ZonesCorp’s ongoing investment in its economic zones and promotion of its continued growth. It is currently home to 650 world-class manufacturing facilities from various industrial sectors in a prime location near Abu Dhabi.
ZonesCorp plays a significant role in the success of the UAE's economy in terms of attracting direct investments from inside and outside the country. Customs exemptions are applied on all products that have been manufactured within their economic zones, which are then exported to GCC countries and all Arab countries which have signed the Free Trade Agreement. In addition to tax exemption on income, raw materials can be imported free of import duties and there are free transfer of profits; factors which contribute to developing an attractive investment option for investors.
The signing of the MoU comes as Etihad Rail prepares to embark on Stage Two of the Etihad Rail network, which will extend 605 kilometers from Ghuweifat on the UAE’s border with Saudi Arabia to Fujairah on the east coast, through ICAD, Khalifa Port, Jebel Ali and Khor Fakkan, to be followed by further route additions.
About Etihad Rail:
Etihad Rail was established in June 2009 under Federal Law No. 2, with the mandate to manage the development, construction and operation of the UAE’s national freight and passenger railway network. The railway network will link the principal centres of population and industry of the UAE, and will form a vital part of the planned GCC railway network across the GCC.
Etihad Rail has successfully completed Stage One of the network which was delivered on schedule and within budget. The route spans 264 km, transporting sulfur from sources at Shah and Habshan to the export point at Ruwais. Stage Two links the United Arab Emirates and Saudi Arabia from Fujairah to Ghuwaifat through Mussafah, Khalifa Port and Jebel Ali Port. Built to international standards, Etihad Rail’s state-of-the-art network will span approximately 1,200 km, acting as a catalyst for economic growth and sustained social development. Upon completion, the railway will redefine logistics and transport in the region, providing a modern, safe, efficient and sustainable mode of transport that will connect all regions of the UAE to its neighbouring GCC countries.
Etihad Rail Communications team
Tel: +971 2 4999 712
© Press Release 2019