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UAE train firm approved
- United Arab Emirates: Thursday, July 09 - 2009 at 11:55
UAE President, Sheikh Khalifa bin Zayed Al Nahyan, has approved a federal law decree for the creation of an independent rail company, to be involved in the transporting of goods and passengers, which will operate under the name 'Etihad Trains Company', according to WAM. The company, which is to be wholly owned by the federal government, will engage in the owning, leasing, renting, purchasing and selling of trains, as well as in investing in the transporting of passengers and goods.
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