Published On:October 9 2024
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"RITES and Etihad Rail Sign MoU for Rail Infrastructure Projects in UAE"
Etihad Rail, the developer and operator of the UAE National Rail Network, has signed a Memorandum of Understanding (MoU) with RITES, a transport infrastructure consultant, to explore collaboration on railway and related infrastructure projects in the UAE and its surrounding regions. The agreement was formalized on Wednesday by Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Director of RITES.
The partnership aims to leverage the strengths of both organizations to identify opportunities in rolling stock supply and leasing, rolling stock repair, consulting, and project management for various railway initiatives.
Rahul Mithal expressed enthusiasm for the collaboration, stating, “This strategic collaboration with Etihad Rail underscores our strengths and commitment to operational excellence and innovation, while contributing to sustainable infrastructure development. It represents a significant advancement in our strategic initiative of ‘RITES Videsh,’ aimed at expanding our global services. Together, we are laying the foundation to significantly enhance connectivity and set new benchmarks of excellence in the industry.”
The MoU also includes plans for a capacity analysis of rail corridors in the UAE and nearby regions to improve trade routes, streamline logistics, and enhance overall efficiency. The two parties will explore advanced IT solutions for train operations and passenger management, focusing on innovation and modern maintenance procedures.
Shadi Malak highlighted the importance of the partnership, stating, “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 improve the efficiency of the UAE National Railway Network. Through this collaboration, we aim to create forward-thinking, innovative solutions that benefit both our freight services and future passenger services, contributing to the overall infrastructure and operational excellence of the region.”
ET