In a significant boost to India-UAE economic and infrastructure cooperation, RITES Limited, a leading transport consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with global logistics major DP World. The partnership aims to develop critical infrastructure assets such as ports, multimodal logistics parks, rail connectivity, free trade zones, and digital trade corridors.
The MoU was signed during the ‘CEO-Connect: Dubai-India Economic Ties & Opportunities’ event in Mumbai, in the presence of HH Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister, and Piyush Goyal, Minister of Commerce and Industry, Government of India. Also present were Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Rahul Mithal, Chairman and Managing Director of RITES.
This collaboration is in line with the broader goal of enhancing cross-border connectivity and building resilient global supply chains. It builds upon the Virtual Trade Corridor (VTC) launched in 2024, a digital platform developed with RITES and supported by MAITRI, designed to simplify trade through the integration of customs and logistics systems.
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Rahul Mithal described the alliance as “an opportunity to create transformative synergies across infrastructure projects,” highlighting its importance in expanding the global presence of RITES Videsh. Sultan Ahmed bin Sulayem noted that the agreement would “unlock opportunities, drive innovation, and diversify global trade routes.”
The partnership is expected to accelerate investment, improve logistics efficiency, and deepen bilateral trade ties between India and the UAE.