UAE’s railway network operator Etihad Rail has signed a memorandum of understanding (MoU) with industrial cities operator ZonesCorp to develop a new multimodal rail terminal in the Industrial City of Abu Dhabi (ICAD) IV.
The new rail terminal, claimed to be the Abu Dhabi’s largest in ICAD IV, is expected to enhance industrial contribution to the Emirate’s GDP and contribute to economic diversification, in line with Abu Dhabi Economic Vision 2030 and UAE Vision 2021.
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Etihad Rail CEO Nasser Al Mansoori said: "The rail network will assist in integrating the supply chains for the UAE and GCC’s producers and consumers, bringing geographic markets closer together.
"We look forward to continuing to work closely with ZonesCorp on a project that will bring such substantial benefits to the UAE."
Al Mansoori said: "This is in line with ICAD IV’s development plans as a logistics hub, concentrating a substantial amount of bulk and intermodal cargo in one key location."
ZonesCorp CEO Mohammed Hasan Al Qemzi said: "Industrial projects in ICAD will benefit from integrated solutions via the Etihad Rail terminal, as it will cater to demand for high-quality logistics services and further promote ICAD as an attractive industrial investment destination.
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By GlobalData"The rail terminal will be an added value for our investors in both the industrial and automotive sectors."
Upon completion of the terminal, the Etihad Rail network will span about 1,200km across the UAE.
