21 Hrs
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الاقتصادية
Emirati-Saudi Rail Cooperation Agreement
The Ministers of Investment from the UAE and Prince Abdulaziz bin Salman of Saudi Arabia signed a memorandum of understanding to strengthen bilateral cooperation through the development of a rail link between the two countries. The goal is to facilitate the movement of goods and commodities, enhance infrastructure integration, and develop the energy sector. The general principles of the rail connection include conducting technical and economic studies to support logistics, improving supply chain efficiency, and easing cross-border trade, all of which aim to promote economic and regional development. The agreement also addressed strengthening electrical interconnection and electricity exchange between the two nations, with the intention of supporting economic integration and achieving mutual interests.
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