Synopsis: Oman and Etihad Rail Company has signed a Memorandum of Understanding with Emirates Steel Arkan, facilitating the transport of raw materials from Oman to the UAE. OERC will manage the logistics of transporting raw limestone from Oman to Emirates Steel Arkan's cement factories in Al Ain, UAE. This collaboration strengthens cross-border trade and supply chain capabilities while promoting sustainability and economic growth.Article:Oman and Etihad Rail Company hastaken a significant step in enhancing cross-border trade and logistics with the signing of a Memorandum of Understanding (MoU) with Emirates Steel Arkan, the largest steel and building materials manufacturer in the UAE. This MoU is poised to revolutionize the transportation of raw materials between Oman and the UAE, fostering promising business opportunities and sustainable economic growth.The MoU's Significance: The MoU, inked by Ahmed Al Musawa Al Hashemi, CEO of OERC, and Saeed Khalfan Al Ghafri, CEO of Emirates Steel, an Emirates Steel Arkan company, embodies the project's vision. The project aims to strengthen the link between Oman and the United Arab Emirates, fostering cross-border trade, connecting centers of manufacturing and production, and streamlining import and export processes. The ultimate result will be the creation of robust business opportunities for the mining and construction materials production sectors in both countries.Strengthening Supply Chain: Al Ghafri highlighted that this collaboration with OERC reinforces Emirates Steel Arkan's supply chain capabilities. By leveraging the railway network that connects both countries, the agreement enables integrated logistics solutions for transporting raw materials to and from their cement plant in Al Ain. This, in turn, enhances operational efficiency, reduces costs, and minimizes environmental impact. It also bolsters the transport infrastructure and supports cross-border supply chains.Boosting Production and Exports: Oman and Etihad Rail will provide logistics solutions for Emirates Steel Arkan by annually transporting 4 to 6 million tonnes of high-quality raw materials to Al Ain. This significant flow of materials ensures that Emirates Steel Arkan can produce and export 2-3 million tonnes of finished goods to regional markets every year.Economic Benefits: This collaboration not only benefits the companies involved but also contributes to Oman's Vision 2040, which aims for a diversified, competitive, and sustainable economy with unified, modern frameworks. By connecting ports and manufacturing hubs, the railway network offers quarrying companies in Oman direct shipping solutions to export their products to regional markets. This strengthens the revenues of the mining industry and drives investments in Omani quarries.Sustainable Economic Growth: The MoU exemplifies the rail network's pivotal role as a crucial link in the region's transport and logistics chain. It is set to attract businesses and international companies, fostering long-term commercial partnerships that promote sustainable economic growth. Moreover, the joint railway network aligns with the goals of both countries to achieve net neutrality by 2050, reducing dependence on cars and trucks and advancing the transition toward a low-carbon future.Conclusion: The collaborative efforts between Oman, Etihad Rail, and Emirates Steel Arkan signify a pivotal development in promoting cross-border trade, supply chain efficiency, and economic growth. As the railway network connects these nations, it not only streamlines logistics but also contributes to sustainability, aligning with global objectives for a more environmentally responsible future.
Synopsis: Oman and Etihad Rail Company has signed a Memorandum of Understanding with Emirates Steel Arkan, facilitating the transport of raw materials from Oman to the UAE. OERC will manage the logistics of transporting raw limestone from Oman to Emirates Steel Arkan's cement factories in Al Ain, UAE. This collaboration strengthens cross-border trade and supply chain capabilities while promoting sustainability and economic growth.Article:Oman and Etihad Rail Company hastaken a significant step in enhancing cross-border trade and logistics with the signing of a Memorandum of Understanding (MoU) with Emirates Steel Arkan, the largest steel and building materials manufacturer in the UAE. This MoU is poised to revolutionize the transportation of raw materials between Oman and the UAE, fostering promising business opportunities and sustainable economic growth.The MoU's Significance: The MoU, inked by Ahmed Al Musawa Al Hashemi, CEO of OERC, and Saeed Khalfan Al Ghafri, CEO of Emirates Steel, an Emirates Steel Arkan company, embodies the project's vision. The project aims to strengthen the link between Oman and the United Arab Emirates, fostering cross-border trade, connecting centers of manufacturing and production, and streamlining import and export processes. The ultimate result will be the creation of robust business opportunities for the mining and construction materials production sectors in both countries.Strengthening Supply Chain: Al Ghafri highlighted that this collaboration with OERC reinforces Emirates Steel Arkan's supply chain capabilities. By leveraging the railway network that connects both countries, the agreement enables integrated logistics solutions for transporting raw materials to and from their cement plant in Al Ain. This, in turn, enhances operational efficiency, reduces costs, and minimizes environmental impact. It also bolsters the transport infrastructure and supports cross-border supply chains.Boosting Production and Exports: Oman and Etihad Rail will provide logistics solutions for Emirates Steel Arkan by annually transporting 4 to 6 million tonnes of high-quality raw materials to Al Ain. This significant flow of materials ensures that Emirates Steel Arkan can produce and export 2-3 million tonnes of finished goods to regional markets every year.Economic Benefits: This collaboration not only benefits the companies involved but also contributes to Oman's Vision 2040, which aims for a diversified, competitive, and sustainable economy with unified, modern frameworks. By connecting ports and manufacturing hubs, the railway network offers quarrying companies in Oman direct shipping solutions to export their products to regional markets. This strengthens the revenues of the mining industry and drives investments in Omani quarries.Sustainable Economic Growth: The MoU exemplifies the rail network's pivotal role as a crucial link in the region's transport and logistics chain. It is set to attract businesses and international companies, fostering long-term commercial partnerships that promote sustainable economic growth. Moreover, the joint railway network aligns with the goals of both countries to achieve net neutrality by 2050, reducing dependence on cars and trucks and advancing the transition toward a low-carbon future.Conclusion: The collaborative efforts between Oman, Etihad Rail, and Emirates Steel Arkan signify a pivotal development in promoting cross-border trade, supply chain efficiency, and economic growth. As the railway network connects these nations, it not only streamlines logistics but also contributes to sustainability, aligning with global objectives for a more environmentally responsible future.
