German rail wins UAE deal

UAE-based Al Masaood Group, German Transport Minister Peter Ramsauer, and Deutsche Bahn have signed a memorandum of understanding aimed at developing 'ultra-modern' rail systems in the country, AFP has reported. The German state-owned railway firm, which will plan, build and operate the rail network in the country, has said that multi-billion-euro rail systems are planned for the region in the coming years including regional transport lines, a metro, tram services and the long-distance Union Railway linking Abu Dhabi with the southern emirates.