In a significant move aimed at catalysing growth in trade and logistics, RITES Limited and AD Ports Group have inked a Memorandum of Understanding (MoU) to explore joint ventures and collaborative ventures.
More Details:
RITES Limited, a prominent consultancy and engineering firm specialising in transport infrastructure, has joined hands with AD Ports Group, a leading facilitator of global trade and logistics solutions, to forge a strategic alliance. This MoU seeks to unlock synergies between RITES’ expertise in transport infrastructure development and project management and AD Ports Group’s extensive portfolio encompassing world-class ports, logistics solutions, and vertically-integrated business clusters.
Objective of the MoU:
The collaboration aims to foster mutual engagement, with a primary focus on exploring potential joint cooperation opportunities, particularly in upcoming initiatives like IMEEC (International Maritime Expo & Exhibition Centre). Key areas of interest include infrastructure development such as ports, multimodal logistic parks, free trade zones, rail connectivity projects, and logistics infrastructure services.
Insights from Experts:
Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “This is a natural partnership between two giants with enormous experience, skill, and a rich legacy and marks a significant step forward in our global expansion strategy. We are confident that our combined expertise will create transformative synergies, propelling growth across various areas of infrastructure development such as the upcoming IMEEC and other global logistic initiatives.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said, “Our collaboration with RITES would significantly advance the objectives of both of our great nations, building on the strong, successful and well-established relationship. With our wise leaders’ guidance, we aim to further our ambitious economic objectives that will profoundly impact global commerce, invigorating ancillary sectors.”
As a Group, we are committed to expanding our global footprint, creating value, driving economic diversification, and making a positive impact on the communities we serve. Through leveraging our collective expertise and resources, with a clear strategy for growth through integration and expansion, we can set new global benchmarks in operational excellence, digital innovation, and sustainable growth.
Source: RITES- Press Release | Image Credit: RITES
