Etihad Rail and Emirates Steel galvanise deal
Etihad Rail, the developer and operator of the UAE's national railway network, and Emirates Steel, the integrated steel manufacturer in the UAE, have announced that they have signed a Memorandum of Understanding (MoU) to use rail as the primary method for steel transportation across the UAE.
The agreement is made at a time when the construction of the rail network is about to commence, representing a key step towards easing the transportation issues associated with the major flows of Emirates Steel's products and raw materials.
For Emirates Steel, the partnership will help the company meet the growing demand for quality steel products from the region's fast-developing economies.
Expressing his delight to partner with Etihad Rail at this early stage, acting CEO at Emirates Steel, Saeed Ghumran Al Romaithi, said: "We are one of the heaviest users of road haulage in the Emirates. Real environmental benefits will be realised by taking trucks off the road, easing road congestion and enhancing road safety."
Etihad Rail executive director – commercial, Shadi Malak added: "Our network will provide Emirates Steel with a modern, safe and sophisticated means of transport that is also environmentally sound and sustainable.”
When complete, the Etihad Rail network will span 1,200km across the Emirates and will also form a vital part of the greater GCC network.