5 days ago
Hafeet Rail, Itaminas sign deal to develop logistics solutions
Abu Dhabi, UAE – Hafeet Rail, the developer of the cross-border railway project between Oman and the UAE, has signed a cooperation agreement with Itaminas Comércio de Minérios, one of Brazil's leading iron ore producers.
This agreement marks a strategic step toward establishing an integrated and sustainable shipping system leveraging Hafeet Rail's network to connect major ports and industrial zones, enhancing logistical efficiency and supporting the iron and steel industry in both countries.
The collaboration aims to develop a reliable and efficient transport network utilising Hafeet Rail's modern infrastructure while capitalising on the pivotal role of Sohar Port in importing and processing iron ore.
Construction of the Hafeet Rail project is progressing rapidly along the railway route between Oman and the UAE, with ongoing groundwork, leveling, and site preparation. Major bridge and tunnel construction have also commenced, paving the way for seamless connectivity between the two nations. This progress reflects close coordination between relevant authorities and local governments, ensuring the achievement of the objectives set for this vital cross-border project.
Itaminas specialises in producing high-quality iron ore, with a current annual production capacity of 6.5mn tonnes and environmental permits allowing expansion to 15.5mn tonnes annually. The company plans to export a significant portion of its production to the Middle East via Brazil's Sudeste Port, as part of its efforts to strengthen its presence in the region's iron and steel sector.
Itaminas is also exploring the possibility of establishing parts of its value chain in GCC countries, leveraging the region's advanced infrastructure, energy resources, and strategic geographic location.
This cooperation underscores the deepening integration between Oman and the UAE and highlights the potential of the Hafeet Rail network to support future industrial projects in both countries. By creating an integrated logistics corridor linking ports to industrial and commercial hubs, the network will serve global and regional steel companies seeking efficient, sustainable, and scalable logistics solutions in the region.
ONA
