The UAE’s national railway system is expected to bring an increase of Dh3.5 billion to the country’s gross domestic product (GDP) by 2030 and the project has an economic return rate of 15.5 per cent, said an official at Etihad Rail , the railway’s master developer and operator.
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Stage one of the Dh40 billion railway network is expected to bring more than Dh2 billion worth of savings to the UAE economy, said Graeme Overall, business development director at Etihad Rail during the Middle East Rail conference yesterday.
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Etihad Rail has already signed memoranda of understanding with 14 companies in the chemical, logistics and agriculture sectors as potential customers to transport their materials around the UAE via rail when stage two is operational, he said. Some of these companies include Sharjah Cement, Centre of Waste Management in Abu Dhabi, DHL and Emirates Steel.
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