Abu Dhabi - Mubasher: His Highness Theyab bin Mohamed bin Zayed Al Nahyan witnessed the signing of the terms sheet for a strategic partnership for sustainable transportation between Etihad Rail and Borouge to transport 1.30 million tonnes of Borouge’s polyolefins annually from its petrochemical complex in Al Ruways Industrial City via rail for export to customers.
HH 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.”
Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director, ADNOC Group CEO and Chairman of Borouge, said: “The partnership reinforces Borouge’s resilience and accelerates the export of its ‘Made In UAE’ products using more sustainable modes of transport, while underlining the partners’ commitment to the UAE’s Net Zero by 2050 Strategic Initiative.”
This partnership supports the national In-Country Value programme, with 88% of the value flowing back into the local economy. By using rail, the time required to transport Borouge’s products will be reduced to 4 hours, compared to 12 hours via other modes of transport.
Strategic meeting with representatives of the private sector
Following the signing of the strategic partnership, HH Theyab bin Mohamed bin Zayed Al Nahyan chaired a meeting with representatives from the private sector to discuss the commercial opportunities offered by the UAE National Rail Network. Moreover, the meeting covered the different ways to benefit from Etihad Rail’s freight services.