April 20, 2014 4:06 PM ET

Road and Rail

Company Overview of Etihad Rail Company

Company Overview

Etihad Rail Company develops, constructs, and operates freight and passenger railway network in the United Arab Emirates. The company offers passenger and freight services; and other Services, such as property development, terminal, and advertising services. Its rail network links The Kingdom of Bahrain, The State of Kuwait, Oman, Qatar, The Kingdom of Saudi Arabia, and the United Arab Emirates. The company serves various industries ranging from petrochemicals and agriculture to aggregates and waste. Etihad Rail Company was formerly known as Union Railway Company and changed its name to Etihad Rail Company in March 2011. The company was founded in 2009 and is based in Abu Dhabi, United Arab ...

Capital Gate

6th Floor

Khaleej Al Arabi Street (30)

P.O. Box 989

Abu Dhabi,  

United Arab Emirates

Founded in 2009

Phone:

971 2 499 9999

Fax:

971 2 499 9998

Key Executives for Etihad Rail Company

Chief Executive Officer
Executive Director of Projects
Executive Director of Business Support
Executive Director of HSE & Quality
Compensation as of Fiscal Year 2013.

Etihad Rail Company Key Developments

Etihad Rail Signs on Memorandum of Understanding with National Air Cargo

Etihad Rail announced the signing of a memorandum of understanding with National Air Cargo. The MOU will allow for the diversification of the range of business solutions available to National Air Cargo's clients, with freight-forwarding capabilities to now include a mix of sea, air and rail transport. Upon completion, the Etihad Rail network, which will cater to both freight and passengers, will span approximately 1,200 kilometers across the Emirates. It will connect urban and peripheral communities, facilitate trade, open up communication channels and foster economic development across all Emirates in the UAE. The network will also form a vital part of the GCC railway network, linking the UAE to Saudi Arabia via Ghweifat in the west and Oman via Al Ain in the east.

Etihad Rail Signs Memorandum of Understanding with Dubai Industrial City for the Development of a Rail Terminal Within the City

Etihad Rail announced the signing of a Memorandum of Understanding (MoU) with Dubai Industrial City for the development of a rail terminal within the City. The MoU specifies the logistics pertaining to the location of the terminal, which will be an important part of Stage Two of the rail network. The agreement will see Dubai Industrial City becoming one of Etihad Rail's main public freight terminals in the Dubai emirate, and paves the way for the destination to become the centre of non-bonded transport (non-free zone areas) in the Emirate. The terminal is to be located within Dubai Industrial City - which, at 55 square kilometres, is the second large industrial real estate project in Dubai - and will incorporate extensive container, automotive and bulk-handling facilities. The destination boasts close proximity to the UAE's top hubs for transport, situated 25 km away from Jebel Ali Port, 50 km away from Khalifa Port, and 5 km away from Al Maktoum International Airport between roads E311 and E611. The agreement comes at a time of rapid progress as Etihad Rail prepares to launch rail service on the Habshan-Ruwais route as part of Stage One later this year. Meanwhile, construction contracts for Stage Two, which will connect the railway to Mussafah, the Gulf ports of Khalifa and Jebel Ali, and the Saudi and Omani borders, will be awarded by year-end. Finally, preliminary engineering for Stage Three, which will connect the rest of the Northern Emirates, is well underway. Upon completion, the Etihad Rail network, which will cater to both freight and passengers, will span approximately 1,200 kilometres across the Emirates.

Etihad Rail Secures $1.28 Billion Five-Year Project Financing from Local and International Banks to Build the First Phase of the Project

Etihad Rail secured a $1.28 billion five-year project financing from local and international banks to build the first phase of the project. The UAE railway network comprises three stages, with the first stage underway after a $900 million civil and track works contract was awarded in October 2011. Phase one will link the western region cities of Habshan and Ruwais by 2013 and connect Shah and Habshan by 2014. National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, HSBC Holdings and Bank of Tokyo Mitsubishi UFJ arranged the financing.

Similar Private Companies By Industry

Company Name Region
Swaidan Trading Co. LLC Middle East/Africa
NOMAD Relocations Middle East/Africa
Al Raha Star Bus & Car Rental Co. L.L.C. Middle East/Africa
LeasePlan Emirates Limited Middle East/Africa
SC Trans World Trading SRL Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Etihad Rail Company, please visit www.etihadrail.ae. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.