• Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attends the opening day of the Middle East Rail conference at Abu Dhabi National Exhibition Centre. All photos: Wam
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attends the opening day of the Middle East Rail conference at Abu Dhabi National Exhibition Centre. All photos: Wam
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, underlined the UAE's ambitions for its transport sector at the event
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, underlined the UAE's ambitions for its transport sector at the event
  • The regional rail event is expected to draw up to 10,000 visitors during its two-day run
    The regional rail event is expected to draw up to 10,000 visitors during its two-day run
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, highlighted the importance of the Etihad Rail project to the UAE's future development
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, highlighted the importance of the Etihad Rail project to the UAE's future development
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, received Iran's Minister of Roads and Urban Development Mehrdad Bazrpash on the sidelines of the event
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, received Iran's Minister of Roads and Urban Development Mehrdad Bazrpash on the sidelines of the event
  • The 17th Middle East Rail conference will conclude on Tuesday
    The 17th Middle East Rail conference will conclude on Tuesday

Middle East Rail 2023: Sheikh Mansour bin Zayed outlines UAE's transport vision


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Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, set out the UAE's ambition to be a global leader in the transport sector after attending the opening day of a major rail conference in Abu Dhabi.

Sheikh Mansour on Monday joined hundreds of industry leaders at Middle East Rail 2023, which is being staged at Abu Dhabi National Exhibition Centre.

He hailed the Etihad Rail mega project — which will stretch about 1,200km across the country and eventually offer both freight and passenger services — as central to the UAE's transport goals.

Sheikh Mansour underlined the importance of railway networks in supporting the economy, promoting investment opportunities and strengthening commercial ties, state news agency Wam reported.

The Vice President was joined at the opening ceremony of the event by Jasem Al Budaiwi, Secretary General of the Gulf Co-operation Council, Suhail Al Mazrouei, Minister of Energy and Infrastructure, and a number of senior officials, transport ministers and leading figures from some of the world's biggest rail companies.

He watched a documentary charting the achievements of Etihad Rail.

Middle East Rail, which concludes on Tuesday, is expected to attract 10,000 visitors.

It will feature 400 speakers from across the region and beyond and host more than 100 presentations, panels and interviews, covering key topics such as sustainability, safety and data analysis.

This year's conference is being hosted by Etihad Rail and aims to showcase innovation and excellence delivered throughout the Middle East.

Etihad Rail announced in April that its vast freight train network was fully operational.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, officially opened the freight line in February.

It consists of a fleet of 38 locomotives and more than 1,000 wagons.

It is a central part of the UAE's national rail project, which will eventually connect the Emirates to the rest of the Gulf.

A look at the UAE's first marine rail bridge — in pictures

  • The UAE's first marine rail bridge at Khalifa Port, Abu Dhabi. Photo: Khushnum Bhandari / The National
    The UAE's first marine rail bridge at Khalifa Port, Abu Dhabi. Photo: Khushnum Bhandari / The National
  • The bridge stretches a kilometre across the Arabian Gulf and connects Abu Dhabi’s sprawling Khalifa Port to the emirate's mainland. Photo: Khushnum Bhandari / The National
    The bridge stretches a kilometre across the Arabian Gulf and connects Abu Dhabi’s sprawling Khalifa Port to the emirate's mainland. Photo: Khushnum Bhandari / The National
  • Adriaan Wolhuter, director of engineering at Etihad Rail, says it took a lot of planning and detailed design. Photo: Khushnum Bhandari / The National
    Adriaan Wolhuter, director of engineering at Etihad Rail, says it took a lot of planning and detailed design. Photo: Khushnum Bhandari / The National
  • An Etihad Rail engine. Photo: Etihad Rail
    An Etihad Rail engine. Photo: Etihad Rail
  • Etihad Rail's freight service aims to cut congestion on the UAE's roads. Photo: Etihad Rail
    Etihad Rail's freight service aims to cut congestion on the UAE's roads. Photo: Etihad Rail
  • Every fully loaded freight train that passes over the bridge could take up to 300 lorries off the roads. Photo: Khushnum Bhandari / The National
    Every fully loaded freight train that passes over the bridge could take up to 300 lorries off the roads. Photo: Khushnum Bhandari / The National
  • The bridge passes over the Arabian Gulf. Photo: Khushnum Bhandari / The National
    The bridge passes over the Arabian Gulf. Photo: Khushnum Bhandari / The National
  • A rendering of some of Etihad Rail's freight services. Trains from Khalifa Port will chiefly carry shipping containers. Photo: Etihad Rail
    A rendering of some of Etihad Rail's freight services. Trains from Khalifa Port will chiefly carry shipping containers. Photo: Etihad Rail
  • Etihad Rail already operates a freight service in Abu Dhabi's Al Dhafra region. Photo: Wam
    Etihad Rail already operates a freight service in Abu Dhabi's Al Dhafra region. Photo: Wam
  • The new marine bridge will form an integral part of the UAE-wide freight network once it becomes operational. Photo: Khushnum Bhandari / The National
    The new marine bridge will form an integral part of the UAE-wide freight network once it becomes operational. Photo: Khushnum Bhandari / The National
While you're here
In numbers

- Number of children under five will fall from 681 million in 2017 to 401m in 2100

- Over-80s will rise from 141m in 2017 to 866m in 2100

- Nigeria will become the world’s second most populous country with 791m by 2100, behind India

- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100

- an average of 2.1 children per woman is required to sustain population growth

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Updated: May 16, 2023, 3:55 AM