RITES Limited has signed a Memorandum of Understanding (MoU) with Etihad Rail and its subsidiary, National Infrastructure Construction Company (NICC), to enhance business collaboration in the mobility sector. This partnership aims to leverage RITES’ expertise with NICC’s execution capabilities, shaping infrastructure projects in the UAE and beyond. The MoU strengthens RITES’ international presence and aligns with its ethos of shaping lives.
Strategic Partnership Overview
RITES Limited has formalized a Memorandum of Understanding (MoU) with Etihad Rail to foster business collaboration. The agreement includes collaboration with Etihad Rail’s subsidiary, National Infrastructure Construction Company (NICC), a UAE-based infrastructure construction firm.
Objectives of the Collaboration
The partnership seeks to leverage the strengths of both entities to expand their footprint in the mobility sector within the UAE and other regions. The primary aim is to combine RITES’ expertise in transport infrastructure consultancy and engineering with NICC’s capabilities in infrastructure construction.
Key Figures Involved
The MoU was signed by H.E. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd. The signing occurred in the presence of dignitaries including His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan and H.E. Sunjay Sudhir, Ambassador of India to the UAE, during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi.
Expected Synergies
The partnership is expected to create synergies by combining RITES’ five decades of expertise in consultancy, transport infrastructure, and engineering solutions with NICC’s execution capabilities. This will enable both companies to jointly shape infrastructure projects in the region.
Strategic Impact
This MoU is part of RITES’ strategic initiative ‘RITES Videsh’, aimed at strengthening its international footprint. The collaboration underscores the company’s commitment to shaping infrastructure and improving lives.
Source: BSE
