RITES shares surged nearly 10% following the announcement of a Memorandum of Understanding (MoU) with Etihad Rail on October 9. The partnership aims to explore railway infrastructure services in the UAE and the wider Gulf region, enhancing RITES’ global footprint in project management and operations.
Etihad Rail operates the UAE National Rail Network, and RITES sees this partnership as a chance to expand its role in global infrastructure development. The MoU will focus on strengthening railway operations, including rolling stock repair, and improving the efficiency and modernization of UAE’s railway services.
RITES emphasised the MoU as a stepping stone to improved connectivity in the UAE. Through the partnership, the company will analyse the capacity of rail corridors in the UAE and surrounding regions. This analysis aims to boost efficiency and streamline trade routes across the region.
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Etihad Rail’s CEO, Shadi Malak, stated that the agreement will transform the transportation landscape in the UAE. Both parties will explore innovative freight and passenger services, setting the stage for enhanced operations within the UAE’s railway network.
The collaboration also includes the exploration of advanced IT solutions to improve train operations, passenger management, and maintenance. The UAE will leverage RITES’ expertise to boost the efficiency of its rail infrastructure and advance its transportation goals.
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Additionally, the MoU will focus on knowledge transfer, workforce development, and employee exchange programs between the two nations. This collaboration reflects the UAE’s intent to strengthen its railway system while fostering deeper ties with India through expertise sharing and mutual growth.
