The United Arab Emirates (UAE) has signed a Memorandum of Understanding with Jordan to construct a multi-billion greenback freight railway stretching from the Lifeless Sea to the Purple Sea, in an obvious effort to spice up the manufacturing and commerce of minerals.
In keeping with media stories, Etihad Rail – the UAE’s nationwide rail operator – signed the Memorandum of Understanding with Jordanian authorities and firms to attach the nation’s phosphate and potash mines in Al-Shidiya and Ghor Al-Safi close to the Lifeless Sea to the port at Aqaba by the Purple Sea.
The 360 kilometre freight railway, reportedly price $2.3 billion, will see the development of terminals to load and unload freight in Aqaba, Ghor Al Safi and Shidiya, with the development set to start in 2026 and be accomplished in 2030.
As a part of the multi-billion greenback mission, Etihad Rail additionally signed provisional agreements with Jordan’s Phosphate Mines Firm and the Arab Potash Firm to move 16 million tonnes of each supplies a yr.
“By enhancing capabilities and sharing technical experience, we goal to ascertain new financial and funding connections that assist infrastructure growth and foster promising alternatives, all throughout the framework of our imaginative and prescient to attain complete and sustainable financial progress,” Emirati Minister of Funding, Mohamed Hassan Alsuwaidi, was quoted as saying.
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