RITES, AD Ports group forge strategic partnership for global trade

16 Feb 2024 CW Team

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.