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Deutsche Bahn moves closer to UAE rail deal
German firm could win contract to build rail network following memorandum of understanding between the two countries.
March 28, 2010 5:49 by Ben Flanagan
Germany’s transport minister has signed a memorandum of understanding with the UAE regarding the development of a rail network in the Emirates.
The MoU suggests that German national rail operator Deutsche Bahn is the favorite to win a multi million dollar contract to build the UAE’s proposed rail network.
Deutsche Bahn said in a statement that the MoU lays out a strategic partnership between the rail giant and UAE-based Al Masaood Group for the planning, construction and operation of rail systems.