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United Arab Emirates

Oman-Etihad Rail and Mubadala State Funds sign cooperation agreement

Oman-Etihad Rail, a joint project company for a cross-border line between the United Arab Emirates (UAE) railway network and the port of Sohar in Oman, has signed a cooperation agreement with Abu Dhabi's sovereign wealth fund Mubadala to advance the development of the project. Under the agreement, working groups will be formed to share expertise, develop feasibility studies, and make joint investments.