Egypt B2B marketplace Mazaya raises $5m in pre-seed round

Egypt B2B marketplace Mazaya raises $5m in pre-seed round
Egypt B2B marketplace Mazaya raises $5m in pre-seed round

Thank you for reading the news about Egypt B2B marketplace Mazaya raises $5m in pre-seed round and now with the details

Jeddah - Yasmine El Tohamy - UAE In-Focus — Oman, UAE establish joint rail company; ADQ identifies $8.7bn investment in Oman

RIYADH: Oman Rail has signed an agreement with Etihad Rail, UAE’s national developer and operator of railway networks, to jointly establish an equally-owned company named Oman-Etihad Rail Co. 

The agreement was signed on the sidelines of UAE President Sheikh Al-Nahyan’s visit to Oman. 

According to a report from news agency WAM, $3 billion will be invested in the new entity to design, develop and operate a railway network connecting Sohar Port to the UAE National Rail Network.

Upon development of this railway network, the travel time from Sohar to Abu Dhabi will be reduced to 1 hour 40 minutes, and from Sohar to Al Ain to 47 minutes, as the trains will move at a speed of 200 kilometers per hour. 

Meanwhile, the freight trains will run up to 120 km/h.

ADQ and OIA identify $8 billion in investments in Oman

ADQ, an Abu Dhabi-based investment and holding company, conducted discussions with the Oman Investment Authority and identified investment opportunities worth over AED 30 billion ($8.17 billion) in new projects within Oman. 

This happened on the sidelines of UAE President Sheikh Mohamed bin Zayed Al-Nahyan’s visit to Oman.

According to a statement, these investment opportunities range across sectors which include hydrogen, solar and wind, green aluminum and steel, as well as water and electricity transmission lines. 

The statement further added that ADQ is also eyeing investment opportunities in the food and agriculture, logistics, technology, and healthcare sectors.

“As part of the UAE’s long-standing bilateral relationship with Oman, we discussed several potential strategic opportunities that can unlock significant synergies and value through joint collaboration across key industries in the Sultanate,” said Mohamed Hassan Alsuwaidi, managing director and CEO of ADQ. 

These were the details of the news Egypt B2B marketplace Mazaya raises $5m in pre-seed round for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi Aramco sets LPG contract prices for December

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]