RITES Ltd. has signed a Memorandum of Understanding with Etihad Rail to collaborate on rail infrastructure projects in the UAE. The MoU was finalised during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi, with RITES CMD Rahul Mithal and Etihad Rail CEO Shadi Malak in attendance.
The agreement aims to leverage the strengths of both organisations in various areas, including the supply and leasing of rolling stock, consultancy, project management, and the operation and maintenance of railway infrastructure. It also includes a capacity analysis of rail corridors in the UAE to improve efficiency and streamline logistics.
Both companies will explore advanced IT solutions to enhance train operations and passenger management, focusing on innovation and technology. The partnership will facilitate knowledge transfer and expertise sharing, with a commitment to comprehensive training programs and employee exchange initiatives, as per the press release by RITES.
Rahul Mithal emphasised that “This strategic collaboration with Etihad Rail underscores our strengths and commitment to operational excellence & innovation, while contributing to sustainable infrastructure development. It represents a significant advancement in our strategic initiative of RITES Videsh"
Shadi Malak remarked that "This strategic partnership with RITES marks a significant step towards our vision of enhancing connectivity and transforming the transportation landscape in the UAE. Guided by the vision and support of our wise leadership, we will leverage our combined expertise to modernize and enhance the efficiency of the UAE National Railway Network"
RITES is a leading player in transport consultancy with a presence in over 55 countries, while Etihad Rail oversees the UAE's national freight and passenger railway network.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
