Etihad Rail's passenger service is on track for a 2026 launch. Victor Besa / The National
Etihad Rail's passenger service is on track for a 2026 launch. Victor Besa / The National
Etihad Rail's passenger service is on track for a 2026 launch. Victor Besa / The National
Etihad Rail's passenger service is on track for a 2026 launch. Victor Besa / The National

Etihad Rail signs deal with taxi company to connect to suburban stations


John Dennehy
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Etihad Rail’s agreement with taxi company Yango Group is being seen as a step towards bolstering access to passenger stations once the train service begins in 2026.

Signed at the Global Rail conference in Abu Dhabi on Wednesday, it sets out how Etihad Rail could harness Yango’s ride-hailing service around stations. It aims to support passenger pick-up and drop-off points, streamline vehicle entry and exit procedures, and help reduce congestion, a press release about the agreement said.

Both sides also agreed to examine integrating the two companies’ digital platforms, meaning passengers could buy rail tickets through the Yango app or reserve Yango rides through Etihad Rail’s digital channels.

"The introduction of ride hailing in partnership with rail services is a win-win situation as it provides an additional option for onward travel, as well as feeding the rail station with passengers," said UAE-based transport expert Martin Tillman on Thursday.

"This is particularly the case for lower density or suburban areas to ensure all have access to the wider rail network," said Mr Tillman, who is also the founder of TMP Consult.

Building on existing infrastructure

It is not the first such deal – Etihad Rail in 2023 also signed a similar agreement with Uber – but it marks another step forward in the railway operator’s plans to launch its passenger service next year.

Four stations have been announced so far and while more are expected, questions of how easy it will be for passengers to access them and reach their final destination have persisted in what is known as first and last-mile travel.

Etihad Rail has not confirmed the precise locations of the first stations. However, in Dubai, a station is expected to be located behind the Jumeirah Golf Estates Metro station on the Red Line.

Etihad Rail: read more

In Abu Dhabi, there is expected to be one station near Mussafah Industrial Area. A station is also being built near the University City of Sharjah, and a fourth will be in Fujairah's Al Hilal City development.

"Rail stations are the front door to a city and are only as useful as the ease with which people can get to and from them," said Mr Tillman.

"This is the last mile issue which requires a multi-modal solution [several types of transport] to resolve. Station forecourt planning is critical to ensure a safe and seamless environment for passengers transferring from rail to other modes such as ride hailing, with walkways, signage, shading, queuing areas for taxis and bus waiting areas."

Etihad Rail confirmed during the three-day conference that ended on Thursday that the passenger service is still on track to launch in 2026.

Making new connections

Azza Al Suwaidi, deputy chief executive of Etihad Rail Mobility (passenger services division) said the partnership with the Yango Group “reflected the “commitment to delivering an integrated and sustainable mobility ecosystem”.

In an interview with The National on Tuesday, Ms Al Suwaidi said Etihad Rail was built around giving the best passenger experience to all”.

“In Dubai we need to make sure we're connected to the Metro and we need to also make sure we have public transport available within our stations so people will have that seamless experience once they get off our trains and they immediately have a route that would take them to their final destination.

“We're working very closely with all our partners – whether local governments or private companies – to ensure that we secure that first and last mile for the passenger.”

Islam Abdul Karim, regional head of Yango Group Middle East, said the tie-up allows it to bring “advanced mobility technology to one of the region’s most ambitious transport projects”.

“By enabling a shift towards rail and shared mobility, the collaboration supports integrated travel and enhanced point-to-point connectivity between emirates for residents and visitors alike.”

The Dubai-headquartered company launched ride-hailing operations in Dubai in 2022 and it is currently available across Abu Dhabi, Dubai, Sharjah and Ajman.

It was also announced at the event, meanwhile, that Etihad Rail has teamed up with Keolis International to operate the passenger trains. The French company is experienced in the field company and, as Keolis MHI, also operates the Dubai Metro.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

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Favourite book: Designing Brand Identity, Fifth Edition

Updated: October 07, 2025, 7:08 AM