+
RITES, AD Ports group forge strategic partnership for global trade
PORTS & SHIPPING

RITES, AD Ports group forge strategic partnership for global trade

RITES Limited, a prominent consultancy and engineering firm specialising in transport infrastructure, and AD Ports Group, a leading global facilitator of trade, logistics, and industry, have announced a strategic Memorandum of Understanding (MoU). The purpose of this collaboration is to explore joint ventures and collaborations in key areas of trade and logistics. The partnership combines RITES' expertise in transport infrastructure development and project management with AD Ports Group's extensive portfolio of world-class ports, logistics solutions, and vertically-integrated business clusters.

The primary objective of the MoU is to facilitate mutual engagement and explore potential opportunities for joint cooperation. The focus areas include participation in the upcoming IMEEC and collaboration in infrastructure development, encompassing ports, multimodal logistic parks, free trade zones, rail connectivity projects, and logistics infrastructure services.

Rahul Mithal, Chairman and Managing Director of RITES Limited, expressed confidence in the partnership, describing it as a natural alliance between two giants with vast experience, skill, and a rich legacy. He emphasised that the collaboration would be a significant step forward in their global expansion strategy, creating transformative synergies for growth in various infrastructure development areas.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, highlighted the collaboration's potential to advance the objectives of both nations. He emphasised building on the strong and successful relationship, aiming to achieve ambitious economic goals that would have a profound impact on global commerce and stimulate ancillary sectors. Al Shamisi affirmed the commitment of AD Ports Group to expand its global footprint, create value, drive economic diversification, and make a positive impact on the communities they serve. Leveraging collective expertise and resources, the collaboration aims to set new global benchmarks in operational excellence, digital innovation, and sustainable growth.

RITES Limited, a prominent consultancy and engineering firm specialising in transport infrastructure, and AD Ports Group, a leading global facilitator of trade, logistics, and industry, have announced a strategic Memorandum of Understanding (MoU). The purpose of this collaboration is to explore joint ventures and collaborations in key areas of trade and logistics. The partnership combines RITES' expertise in transport infrastructure development and project management with AD Ports Group's extensive portfolio of world-class ports, logistics solutions, and vertically-integrated business clusters. The primary objective of the MoU is to facilitate mutual engagement and explore potential opportunities for joint cooperation. The focus areas include participation in the upcoming IMEEC and collaboration in infrastructure development, encompassing ports, multimodal logistic parks, free trade zones, rail connectivity projects, and logistics infrastructure services. Rahul Mithal, Chairman and Managing Director of RITES Limited, expressed confidence in the partnership, describing it as a natural alliance between two giants with vast experience, skill, and a rich legacy. He emphasised that the collaboration would be a significant step forward in their global expansion strategy, creating transformative synergies for growth in various infrastructure development areas. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, highlighted the collaboration's potential to advance the objectives of both nations. He emphasised building on the strong and successful relationship, aiming to achieve ambitious economic goals that would have a profound impact on global commerce and stimulate ancillary sectors. Al Shamisi affirmed the commitment of AD Ports Group to expand its global footprint, create value, drive economic diversification, and make a positive impact on the communities they serve. Leveraging collective expertise and resources, the collaboration aims to set new global benchmarks in operational excellence, digital innovation, and sustainable growth.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?