RITES & AD Ports Group collaborate to drive growth in Logistics Infra Development

by Psu Connect
Date: 14-02-24

The MoU aims to bring about mutual engagement with the objective of exploring potential opportunities of joint cooperation for working together in the upcoming IMEEC and in the areas of infrastructure development

RITES & AD Ports Group collaborate to drive growth in Logistics Infra Development

New Delhi: RITES Limited, a leading transport infrastructure consultancy and engineering firm, and AD Ports Group, a leading facilitator of global trade, logistics and industry, today announced a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The collaboration brings together RITES' rich 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 MoU aims to bring about mutual engagement with the objective of exploring potential opportunities of joint cooperation for working together in the upcoming IMEEC and in the areas of infrastructure development such as ports, multimodal logistic parks, free trade zones, rail connectivity projects and logistics infrastructure services. 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.” He added: “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.”