-
UAE completes railway linking Abu Dhabi with Dubai

The Asharq-Al-Awsat reported, the UAE completed the railway directly linking Abu Dhabi with Dubai as part of Etihad Rail to connect the rest of the Emirates with an integrated railway network.
The railway track marks the start of a new phase of logistic and economic integration between the two emirates and in preparation for linking the rest of the emirates to an integrated national railway network in the UAE.
The completion of the central railway between Abu Dhabi and Dubai comes within the framework of "The UAE Railway Program," which was launched as a part of the Projects of the 50, with an investment worth $13.6 billion.
The UAE Railway Program includes a national network of railway projects that would link the seven emirates. It is expected to create economic opportunities amounting to $54.4 billion.
Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, stressed that the Railway Program reflects UAE's ambitions and aspirations to start the next 50 years with substantial development projects that enhance its position as a leading regional and global hub in the sectors of trade, economy, and logistics services.

Sheikh Maktoum noted that the completion of the central railway of the Rail Network project between Dubai and Abu Dhabi represents a pivotal phase that shows the great benefits of this national project in linking all the emirates of the country and boosting transportation between industrial and economic centers and facilitating transportation within the UAE.
Sheikh Maktoum was quoted by the WAM state news agency: "The economic effects of linking Abu Dhabi and Dubai via the 'UAE National Rail Network' will extend for many years."
UAE and Egypt signs reinsurance agreement to bolster trade and economic cooperation
Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan stressed the importance of completing the central railway of the National Network connecting Abu Dhabi and Dubai to Sharjah, joining the cities and industries to a safe and sustainable rail network.
"The completion of the main railway will enhance the strategic position of the project at the transport and infrastructure levels, and contributes to the promotion of sustainable development in the UAE, and the consolidation of its position to remain in the first ranks at the regional and global levels."
Dubai opens Museum of the Future; the most beautiful building on Earth
The railway of 256 km is designed based on the highest international standards and specifications concerned with environmental aspects, safety, and quality, which will play a pivotal role in developing the UAE National Rail Network, facilitating goods transportation within the UAE, and reducing transportation costs.
The railway includes 29 bridges, 60 crossings, and 137 drainage channels. The total excavation and backfill work amounted to 46 million cubic meters, with 13,300 workers recording more than 47 million working hours.
Abu Dhabi Crown Prince and Indian Prime Minister to hold virtual summit
At a 200 km/h, the project will connect 11 cities within the UAE, where passengers can travel from Abu Dhabi to Dubai in 50 minutes and from Abu Dhabi to Fujairah in 100 minutes.
Source: aawsat
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!