Mubadala signs cooperation deal with Oman and Etihad Rail Company

Ambitious plans for a rail network connecting the UAE to Oman have taken a major step forward with a cooperation deal with Abu Dhabi's Mubadala Investment Company. Oman and Etihad Rail Company, a joint venture between Oman Rail and Etihad Rail to oversee the project, has signed an agreement with Mubadala for the development of the 303km route. The overall investment value of the railway network is $3 billion. The key transport link, first announced in September, aims to boost trade and tourism opportunities between the Gulf neighbors and the rest of the region.

Read the original article in The National News: UAE-Oman rail network receives boost with Mubadala deal