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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

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    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

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      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Egypt starts implementation of silicon production project in New Alamein

      Egypt starts implementation of silicon production project in New Alamein

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      Oman gears up for its first smart city

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      Saudi real estate ‘booming’ on big office space demand

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      Value of Saudi construction contracts jump 35% to $51.3bn: report

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      Qatar to implement new strategies for real estate development

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      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

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          Leisure sector in Qatar stronger after World Cup 2022

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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          • Business & Economy
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            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Egypt starts implementation of silicon production project in New Alamein

            Egypt starts implementation of silicon production project in New Alamein

            Trending Tags

            • CES 2017
            • Election Results
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          • Construction
            • All
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            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

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              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              UAE-Oman rail network expected to bring about new era of collaboration and growth

              The 303km railway connecting Sohar and Abu Dhabi is designed to help make the GCC a logistics centre and support the sultanate's economic development

              March 23, 2023
              in Transport & Logistics
              0
              UAE-Oman rail network expected to bring about new era of collaboration and growth
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              The UAE-Oman rail network is expected to bring a new era of connectivity and economic growth for Oman and help the GCC region to become a global logistics centre.

              The sultanate has highlighted plans to further collaborate with its GCC neighbours as it pursues long-held ambitions to serve as a bridge between East and West.

              “Oman’s location in the Arabian Peninsula, plus its access to deep-sea ports overseeing the Indian Ocean outside of the choke point of Hormuz Strait, offers an almost perfect stop between the West and the East,” said Mahmood Al Wahaibi, managing partner at Oman Think Urban and infrastructure lead at the Oman National Spatial Strategy project.

              Work on the first phase of the network is expected to start after a $3 billion agreement was signed by the Oman-Etihad Rail Company and Mubadala last month.

              Last year, Etihad Rail entered into a partnership with Oman Rail to establish the Oman-Etihad Rail Company and construct a 303km rail route between Sohar and Abu Dhabi.

              In 2014, the sultanate laid out its strategy for 2040, which envisions the sector creating about 300,000 jobs as Oman becomes a logistics centre.

              Sohar to become a more accessible tourist destination

              Trains will link Sohar and Abu Dhabi in an hour and 40 minutes while the journey from Sohar to Al Ain will take 47 minutes.

              “The railway network will provide us with an alternate mode of transport, besides air and road travel,” said Sultan Al Balushi, a resident of Sohar.

              “It will benefit people in both the UAE and Oman who are looking for a faster mode of transport at a more affordable price.

              “I drive two or three times a month to the UAE for shopping and tourism, so once this rail is functional, I can also consider travelling by train.”

              Sohar has long been an attraction for many GCC residents and Omani residents drawn to its lush vegetation and mountains.

              Sohar Fort and Sultan Qaboos Mosque are among the many tourist spots in or around the city.

              Aftab Patel, chief executive of Al Omaniya Financial Services and a long-term resident of the sultanate, said the tourism sector would benefit from the rail project due to the “novelty value in train travel”.

              “Once Oman’s capital is connected with the network, it has the potential to increase tourism rapidly and benefit tourists in both countries,” he said.

              Oman Rail told The National that the network would help to “shape a bright future for transport in Oman and the GCC”.

              “The network is designed to effect deep social changes by seamlessly connecting urban centres with economic and industrial zones, creating jobs, developing the national human capital, stimulating regional tourism and kicking off a new age of innovation,” the rail operator said.

              Lowering costs and improving connectivity

              The rail network, when complete, will link Oman’s GCC neighbours to all ports in the sultanate.

              Mr Al Wahaibi said a recent agreement linking Sohar port to the UAE offered both nations a chance to collaborate on the import and export of goods, including crude, while circumventing the Strait of Hormuz.

              “This development may result in significant reductions in time and costs associated with these activities,” he said.

              Ship owners whose vessels dock at Sohar port each week can save up to $10 million and 104 days annually by opting to transport their goods further inland by rail, said a Mercator report commissioned for Oman’s logistics strategy for 2040.

              For ship owners offering many services, this could equate to savings in the range of $50 million to $100 million a year.

              Adham Al Said, co-founder of The Firm for Business and Consulting, and assistant professor of economics at Sultan Qaboos University, said the economic activity in the sultanate’s transport sector contributed about 5 per cent to gross domestic product in real terms over the past decade.

              “With new modes of transportation providing options for more commerce, linking existing industrial logistical hubs will be crucial to enhancing the value-added outcomes,” he said.

              Using the rail network can help industries in Oman to lower the cost of raw materials and finished goods.

              Ayad Al Balushi, chairman of Sohar Aluminium, said transport was material to the cost of the company’s products, especially the final price paid by the customer.

              “At Sohar Aluminium, with exports being a large part of our business, reducing transport costs is of paramount importance. It will provide us with a competitive edge over other market players worldwide,” Mr Al Balushi said.

              GCC as a logistics centre

              Sohar is home to several export-based companies.

              With a well-connected logistics sector, the industries in Sohar can reach their customers faster and for less, making them more competitive, said Mr Al Balushi.

              “The more connected we are, the better we can position ourselves as a region,” he said.

               

              Source: The National
              Tags: logisticsOmanrailwaytransportUAE
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