Transaction

Hafeet Rail (Oman-UAE Cross-Border Freight Rail)

OmanRailway, Cross-Border InfrastructureReviewed 11 September 2026

SPV: Hafeet Rail JV — Etihad Rail and ASYAD Group hold the largest shareholder stakes; Oman Rail and Mubadala are also JV participants (Mubadala not created as a separate Market Participant this pass). Construction underway with 40% completion reported as of April 2026, 27M+ cubic metres of earthworks completed, tunnelling advancing through the Hajar Mountains. No completion date has yet been announced by the project company itself — preserved as genuinely unresolved, not estimated.

Status

Under ConstructionStatus
Financial Close Achieved / Major Contracts Under DeliveryProcurement Status

Value

USD 2.5 billionProject Value

Scale & Capacity

238 kmRoute length

Overview

Location
Sohar-Al Buraimi-Al Ain corridor, Oman-UAE cross-border
Scale / Scope
238km freight rail corridor linking Sohar (Oman) to the UAE national rail network via Al Buraimi and Al Ain. Not to be confused with the UAE's existing InfraLex record "Etihad Rail — National Passenger Network" (id 95) — that is a separate, UAE-domestic passenger programme; Hafeet Rail is the distinct cross-border freight JV (verified via direct database query before this record was proposed). $2.5bn current total project value, reduced from an initially announced $3bn (both figures preserved here as value-history, not collapsed into a false-precision single number). $1.5bn project-finance debt from a syndicate of UAE, Omani, regional and international banks using conventional and Islamic tranches (editorial detail, not schema-persisted as a lender list).

Project Developments

  • Project · 15 April 2026Hafeet Rail reaches 40% construction completion

    The Government of Oman's own confirmation (fm.gov.om) reported Hafeet Rail construction at 40% completion, with over 27 million cubic metres of earthworks completed and tunnelling advancing through the Hajar Mountains. Reported April 2026.

Participants & Roles

Sponsor / Developer

  • ASYAD GroupShareholder in the Hafeet Rail JV alongside Etihad Rail.
Sources
  • Khaleej Times / Gulf News / Zawya — financial close coverageIndustry / Trade Source
  • fm.gov.om — Oman government 40%-completion confirmationOfficial / Government
  • ENR — heavy-civil-phase construction detailIndustry / Trade Source