Officials after signing the agreement
Oman and Etihad Rail partners with Jindal for sustainable logistics
ABU DHABI, August 2, 2023
Oman and Etihad Rail Company (OERC) and Jindal Shadeed Iron & Steel will establish sustainable end-to-end transport logistics between Jindal’s steel complex at Sohar Port and the UAE, via the UAE-Oman Rail Network.
As part of OERC’s commitment to providing efficient and cost-effective logistics solutions for major global players across different sectors, the MoU signed between the two entities will allow Jindal to annually transport up to 4 million tonnes of raw materials and finished products from its steel complex at Sohar Port to UAE’s thriving markets.
Under the terms of the agreement, OERC, the developer and operator of the UAE-Oman Rail Network, will leverage its state-of-the-art rail network to support Jindal in optimising operational integration through facilitated loading and unloading processes while guaranteeing rolling stock and facilities’ requirements of iron ore and steel.
Improving logistics
Mohammed bin Zahran Al Mahrouqi, Deputy CEO of OERC, said: “Our partnership with Jindal reinforces OERC's commitment to improving logistics services to meet the future needs and expectations of our customers by providing comprehensive solutions and stimulating the growth of various industrial sectors within Oman and the UAE. Furthermore, the MoU will enable Jindal to enhance its supply chain efficiency, benefiting from the UAE-Oman Rail Network’s fast, cost-effective, and sustainable services.”
Harsha Shetty, CEO of Jindal, said: “This is an important milestone for our company as we look forward to further expanding the reach of our high-quality, industry-leading products in the region and beyond. Our ability to seamlessly transport nearly 4 million tons of raw material will greatly help us in our operations, supporting our ambition to reduce our carbon footprint.”
“We are very proud of our partnership with this national strategic project that will bring enormous economic and social returns to both Oman and UAE, whilst also emphasising the region's competitive advantage as a logistics hub,” he added.
Sustainability
Through this collaboration, Jindal will not only streamline its transportation and logistics operations, but also further advance its sustainability objectives and strengthen its green value chain.
OERC will ensure an environment-friendly transportation and logistics solution through the Oman-UAE Rail Network, and thus, contributing to the reduction of CO2 emissions in Oman and the UAE, in line with their national goals of net-zero carbon emissions by 2050.-- TradeArabia News Service