ABU DHABI: The Oman and Etihad Rail Co signed a Memorandum of Understanding (MoU) with the Jindal Steel and Power with the aim of providing sustainable logistical solutions to transport up to 4 million tonnes annually of Jindal raw materials and products, from its industrial complex in Sohar Port to the United Arab Emirates, via the Emirates-Omani railway network.
Under the MoU, Oman and Etihad Rail will support Jindal's operations by facilitating loading and unloading operations and integrating operations, in addition to supplying iron and steel requirements for the rail fleet and stations.
Mohammed bin Zahran al Mahrouqi, Executive Vice-President of Oman and Etihad Rail, said: “The new partnership with the Jindal Shadeed Group is an affirmation of the company’s commitment to upgrading integrated logistics services to meet the future needs and expectations of its customers, by providing comprehensive solutions that contribute to advancing growth in the various industrial sectors in the Sultanate of Oman and the UAE. The MoU also contributes to enabling Jindal Shadeed Group to enhance the efficiency of its supply chain, benefiting from the sustainable, fast and cost-effective services of the UAE-Omani railway network.
For his part, Harsha Shetty, CEO of Jindal Shadeed, said that he is looking forward to increasing the spread of the company's high-quality products. Its ability to transport nearly 4 million tonnes of material will greatly assist it in the company's operations, as well as its ambitions to reduce its carbon footprint while continuing its journey as an environmentally conscious company.
Oman and Etihad Rail Co have entered into many commercial and investment partnerships with major international companies in various industrial and transformational sectors to open new prospects of economic cooperation and provide more innovative logistical solutions and facilities that will contribute to raising economic efficiency and increasing opportunities for growth and sustainability for these companies.
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