Etihad Rail, the developer and operator of the United Arab Emirates (UAE) Nationwide Rail Community, has signed a Memorandum of Understanding (MoU) with RITES previously often called Rail India Technical and Financial Service Restricted, an Indian transport infrastructure consultancy, to discover potential collaborations in railway improvement and associated providers within the UAE and neighboring areas.
The MoU was signed on Wednesday (9 October) by Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Director of RITES, in accordance with an official press launch.
The partnership goals to capitalise on the strengths of each organizations to discover alternatives in areas corresponding to rolling inventory provide, leasing, restore, consulting, and challenge administration.
“This strategic collaboration with Etihad Rail underscores our dedication to operational excellence and innovation whereas supporting sustainable infrastructure improvement,” stated Rahul Mithal. “It’s a vital step in our ‘RITES Videsh’ initiative, which focuses on increasing our international providers. Collectively, we goal to enhance connectivity and set new benchmarks within the rail trade,” reviews Cash Management.
The settlement additionally contains capability evaluation of rail corridors within the UAE and close by areas, with the objective of enhancing commerce routes, streamlining logistics, and growing effectivity. Each events will discover superior IT options for prepare operations, passenger administration, and upkeep procedures, all whereas emphasizing innovation and cutting-edge know-how.
Shadi Malak, CEO of Etihad Rail, highlighted the significance of the partnership in modernizing the UAE’s rail community. “This strategic partnership with RITES marks a significant milestone in enhancing connectivity and reworking transportation within the UAE,” stated Malak. “By leveraging our mixed experience, we’ll create forward-thinking, revolutionary options that profit each freight and future passenger providers, contributing to the general infrastructure and operational excellence of the area.”
UAE Railway Community hyperlinks the principal centres of commerce, trade, manufacturing, manufacturing, logistics, inhabitants and all the key import and export factors of the United Arab Emirates in addition to kind an integral a part of the Gulf Cooperation Council (GCC) railway community.
