Nationwide railway operator partnered with the Korea Nationwide Railway and Korea Railroad Company to foster collaboration and innovation
Etihad Rail, the developer and operator of the UAE’s nationwide railway community, has concluded its participation in World Rail 2024 with 10 agreements and memoranda of understanding. The operator has expanded its partnerships with worldwide gamers specializing in railways, transport, and infrastructure, in a bid to form the way forward for the transport and infrastructure sector.
Etihad Rail in collaboration with the UAE Ministry of Power and Infrastructure (MOEI), ADNEC Group, and dmg occasions, held the inaugural version of the exhibition below the theme ‘Setting Transport Infrastructure and World Connectivity in Movement’.
Advancing UAE’s transport and infrastructure
Etihad Rail signed 10 agreements and memoranda of understanding with corporations globally, together with:
Presight AI Applied sciences
Etihad Rail signed an MoU with Presight AI, a number one UAE-based synthetic intelligence and large knowledge analytics firm, to discover and implement cutting-edge digital options throughout its operations. The partnership will deal with growing and deploying AI-driven options for capital planning, company excellence, and different key enterprise items, positioning Etihad Rail on the forefront of AI-powered innovation within the railway business.
RITES Ltd
Etihad Rail additionally signed an MoU with RITES Ltd, a number one Indian public sector enterprise specializing in transportation and infrastructure. The settlement goals to unlock alternatives in railway and infrastructure improvement within the UAE and the broader area. This contains the availability and leasing of rolling inventory, in addition to consultancy and undertaking administration for railway improvement.
KNR and KORAIL
The nationwide railway operator additionally signed an settlement with the Korea Nationwide Railway (KNR) and Korea Railroad Company (KORAIL). The settlement will foster collaboration in technical exchanges and information sharing. Furthermore, it’ll foster joint efforts in railway development, undertaking administration, operations, facility upkeep, and rolling inventory. The partnership additionally goals to drive innovation and greatest practices in rail infrastructure improvement, leveraging the experience of all three organizations.
Austrian Federal Financial Chamber (WKÖ)
Among the many key strategic partnerships was an MoU between Etihad Rail and the Austrian Federal Financial Chamber, which goals to foster collaboration and information change within the railway sector. This partnership will deal with sharing greatest practices and experience in key areas equivalent to railway planning, development, operation, upkeep, and expertise.
The collaboration additionally goals to discover alternatives in intermobility, high-speed rail, and sustainable railway practices, additional strengthening ties between the UAE and Austria in rail improvement and innovation.
Different key agreements
Etihad Rail additionally signed an settlement with L&T Know-how Companies Restricted to determine a nationwide mobility innovation heart in Abu Dhabi. It additionally partnered with IronLev to discover magnetic levitation applied sciences to boost rail operations and with Nevomo for autonomous rail options.
The operator additionally sought to advance its communication programs and cybersecurity, signing an settlement with Hitachi to equip future passenger stations with superior communication programs, together with oversight and cybersecurity options, to enhance station administration, improve passenger security, and facilitate seamless journey between main cities within the UAE.
Lastly, Etihad Rail signed an MoU with SBS Transit, a multi-modal public transport operator in Singapore, to leverage mobility options and AI purposes in growing the railway sector within the UAE and the area. The settlement additionally explores future collaboration alternatives on this area.
Learn: UAE-Oman Hafeet Rail undertaking indicators $1.5 billion financial institution financing offers
World Rail 2024
World Rail 2024 hosted a strategic convention that explored modern coverage frameworks for accelerating railway advantages and cross-sector collaboration to boost the added worth and potential of the rail sector. It additionally featured a technical convention showcasing the newest analysis and developments in railway innovation, introduced by business leaders, institutes, and varied educational entities.
World Rail additionally featured a finance pavilion, offering a chance for financiers, builders, and key stakeholders to debate funding alternatives, type strategic partnerships, and discover monetary options to advance and develop the transport sector.
As well as, the occasion hosted the worldwide tasks pavilion, which highlights international railway operators, builders, and business leaders, in addition to an innovation hub, with the purpose of empowering rail entrepreneurs and specialists in R&D, giving them a platform to showcase disruptive applied sciences, modern digital options, and groundbreaking developments poised to revolutionize the transport and logistics sectors.
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