International Finance
Featured Logistics

UAE launches new rail and transport project

IFM 2-image
The UAE Railways Programme falls under the ‘Projects of the 50’

The UAE government has announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods and passengers across the country. The UAE Railways Programme falls under the ‘Projects of the 50’.

The Project for 50 is a set of developmental and economic projects which are designed to accelerate the UAE’s development and transform the region into a comprehensive hub in all sectors. At the same time, it also aims to establish the UAE as an ideal destination for talents and investors.

His Highness Sheikh Mohammed bin Rashid Al Maktoum told the media, “The Etihad Rail is the largest project to consolidate the strength of the union for the next 50 years. It will connect 11 key cities and regions across the UAE. “The UAE’s infrastructure is among the best in the world, and the Etihad Rail will further enhance UAE excellence in the logistical field. The project comes in line with the environmental policy of the UAE and it will reduce carbon emissions by 70 to 80 percent.”

His Highness Sheikh Mohamed bin Zayed Al Nahyan told the media, “The National Railways Programme reflects the true meaning of integration into our national economic system, as we see the largest partnership between government entities at the federal and local levels. It comes to support a national vision to connect the country’s key centres of industry and production, open new trade routes and facilitate population movement, creating the most developed work and life environment in the region.”

What's New

Business Leader of the Week: Meet Jim Ratcliffe, British billionaire & part-owner of Manchester United

IFM Correspondent

Citi takes the lead as major banks downsize workforce to streamline costs

IFM Correspondent

Morgan Stanley’s wealth management division faces regulators’ heat

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.