UAE and Jordan Sign $2.3 Billion Railway Deal to Boost Logistics
The United Arab Emirates and Jordan have officially signed a significant agreement worth USD 2.3 billion to develop a new railway infrastructure project aimed at enhancing regional logistics and export capabilities. The initiative involves constructing a 360-kilometer railway line connecting key mining hubs, specifically Al-Shidiya and Ghor Al-Safi, to the Port of Aqaba on the Red Sea. This strategic connection is designed to facilitate the annual transport of approximately 16 million tonnes of phosphate and potash, thereby reducing transportation costs for Jordan’s vital mining sector. To oversee the project's implementation, operation, and maintenance, a joint venture named the UAE-Jordan Railway Company will be established, with Etihad Rail, the operator of the UAE’s national railway network, tasked with execution. The project is expected to take five years to complete, with services projected to commence by 2030. Beyond improving trade efficiency, the agreement aims to strengthen economic ties between the two nations, support comprehensive economic development, and create job opportunities across multiple sectors. The Port of Aqaba serves as a critical gateway for Jordan’s imports and exports, making this infrastructure upgrade pivotal for the country's economic growth and regional connectivity.
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UAE and Jordan Sign $2.3 Billion Railway Deal to Boost Logistics
The United Arab Emirates and Jordan have officially signed a significant agreement worth USD 2.3 billion to develop a new railway infrastructure project aimed at enhancing regional logistics and export capabilities. The initiative involves constructing a 360-kilometer railway line connecting key mining hubs, specifically Al-Shidiya and Ghor Al-Safi, to the Port of Aqaba on the Red Sea. This strategic connection is designed to facilitate the annual transport of approximately 16 million tonnes of phosphate and potash, thereby reducing transportation costs for Jordan’s vital mining sector. To oversee the project's implementation, operation, and maintenance, a joint venture named the UAE-Jordan Railway Company will be established, with Etihad Rail, the operator of the UAE’s national railway network, tasked with execution. The project is expected to take five years to complete, with services projected to commence by 2030. Beyond improving trade efficiency, the agreement aims to strengthen economic ties between the two nations, support comprehensive economic development, and create job opportunities across multiple sectors. The Port of Aqaba serves as a critical gateway for Jordan’s imports and exports, making this infrastructure upgrade pivotal for the country's economic growth and regional connectivity.
The Indian Express