Etihad Rail, the developer of UAE's national railway network, has reached an agreement with leading UAE petrochemical company Borouge, to transport 1.3 million tonnes of polyolefins annually from its petrochemical complex in Al Ruways Industrial City via rail for export.
Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, witnessed the signing of the terms sheet for a strategic partnership for sustainable transportation between Etihad Rail and Borouge.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director, and CEO of the Abu Dhabi National Oil Company (Adnoc), and Chairman of Borouge; and Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, witnessed the signing as well.
The agreement was signed by Eng Shadi Malak, CEO of Etihad Rail, and Hazeem Sultan Al Suwaidi, CEO of Borouge, in the presence of members of Etihad Rail and Borouge’s Board of Directors.
Theyab bin Mohamed bin Zayed Al Nahyan said: “This strategic partnership comes in line with Etihad Rail's efforts to provide logistics solutions to some of the country’s largest companies, where they can transport goods through the rail network at reduced costs and time. In doing so, Etihad Rail also contributes to reducing carbon emissions, in line with the objectives of the UAE.”
