Etihad Rail has signed a memorandum of understanding with Jordan to construct a 360km freight railway price $2.3bn.
The road will join Jordan’s phosphate and potash mines in Al-Shidiya and Ghor Al-Safi close to the Lifeless Sea to its port at Aqaba, on the Pink Sea.
Etihad, which is the nationwide rail operator of the UAE, has additionally signed provisional agreements with Jordan’s Phosphate Mines Firm and the Arab Potash Firm to move 16 million tonnes of each supplies a 12 months.
Terminals for loading and unloading freight can be in-built Aqaba, Ghor Al Safi and Shidiya.
Mohamed Hassan Alsuwaidi, the UAE’s minister of funding, stated: “By means of enhancing capabilities and sharing technical experience, we intention to determine new financial and funding connections that help infrastructure growth and foster promising alternatives, all throughout the framework of our imaginative and prescient to realize complete and sustainable financial progress.”
If the deal goes forward, development is prone to start in 2026 and full in 2030.
