Abu Dhabi,10 April, 2013 (WAM) - Etihad Rail - the developer and operator of the UAE's national railway network - today announced the arrival at Mussafah Port of the first two of seven locomotives to be shipped to the UAE.

The locomotives arrived as construction on Stage One of the UAE's national rail project is well underway. The two locomotives are the first rolling stock to arrive since the delivery of the company's batch of wagons last December, together with which will form the UAE's first trains

WAM *** Local Caption ***  ae0724e5-2555-46e5-86c6-812f8b110c46.jpg
Etihad Rail takes delivery at Mussafah Port of the first two of seven locomotives to be shipped to the UAE. The locomotives arrived as construction on Stage One of the UAE's national rail project is w

New transport law to put $25 billion UAE rail network on track



The UAE is on track to have a national transport law by next year to pave the way for US$25 billion of investment in railroads and metros, said the Minister of Public Works.

The new figure, higher than previous estimates of US$22 billion, accounts for inflation as well as newer technologies such as high-speed trains. A law covering safety regulation and operational standards is expected to be passed next year in time for the launch of the nation's first railway line.

"We want to make the United Arab Emirates again as a hub," said Abdulla Al Nuaimi, the Minister of Public Works and chairman of the National Transport Authority (NTA).

Officials hope the law will make it easier for foreign companies to enter the market. GCC investment in public transportation has picked up in recent months, as Abu Dhabi moves ahead with an $8 billion metro system and Doha and Riyadh award billions of dollars of contracts.

The UAE's railway and metro investment over the next decade is projected to account for a tenth of Middle East rail spending overall. The first phase, an industrial line to send cargoes of sulphur from the Shah sour gasfield to Habshan, is on track for completion this year, said Mr Al Nuaimi.

In the second phase, the UAE plans to lay 628 kilometres of track connecting major cities and industrial hubs, including Dubai Industrial City, Jebel Ali, Musaffah, Fujairah and Khalifa Port. That domestic railway would link up to an international railway network connecting all the GCC states that is scheduled for completion in 2018.

The GCC is in the process of creating a central transportation authority to deal with the immigration, tax and customs issues that would arise with a regional railway system scheduled to launch in five years, said Nadhem bin Taher, the executive director of the NTA's service centres sector.

One question that officials have not yet resolved is how Dubai and Abu Dhabi will be linked. Officials at Etihad Rail, the NTA, Abu Dhabi's Department of Transport and Dubai's Roads and Transportation Authority are evaluating the merits of light rail vs heavy rail, or a combination of the two, that could also serve passengers.

Officials have recently visited South Korea and China to see train systems that can travel at speeds higher than 400 kph.

"Definitely this will be in the near future," said Mr bin Taher. "We are talking in terms of priorities. The most important thing for us now is the freight movement. This will save infrastructure and this will save fatalities."

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8


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