Muscat: Hafeet Rail has signed financing agreements on the first day of the Global Rail Exhibition in Abu Dhabi.
"A major milestone was achieved with the official signing of financing agreements for our project Hafeet Rail, bringing us one step closer to transforming logistics in the region," the company said without providing details.
The first Global Rail brings together more than 1,000 attendees representing various companies and organizations from around the world, alongside 50 international delegations and 300 exhibitors from more than 100 countries.
Over three days, the event is expected to attract 22,000 attendees who will explore innovative policy frameworks to accelerate rail development and promote cross-sector collaboration to enhance the added value and potential of the railway sector. In addition, the event includes a Technical Conference showcasing the latest research and developments in railway innovation presented by leading industry experts and academic institutes and organizations, alongside the International Projects Pavilion highlighting global railway operators, developers, and industry leaders.
The Finance Pavilion at the exhibition will offer an opportunity for financiers, developers, and stakeholders to discuss project financing, establish strategic partnerships, and explore investment solutions to advance and develop the sector. Additionally, an Innovation Hub will enable railway entrepreneurs and R&D specialists to showcase the latest cutting-edge technologies that will redefine the future of transport, infrastructure, and logistics.
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