Dubai Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Enterprise Singapore (ESG), the industry leader in enterprise development, to benefit from the best trading and investment practices of public transport and mobility in Singapore.
The MoU was signed by Mr. Nasser Abu Shehab, CEO, Strategy and Corporate Governance Sector, RTA, and Mr. G. Jayakrishnan, Global Markets Executive Director for the Middle East and Africa (MEA), Enterprise Singapore.
Enterprise Singapore develops enterprises, collaborates with international companies and supports the growth of the Republic of Singapore as a major hub for international trade and startups.
“The MoU set several common objectives that include identifying investment or commercial tangible projects that can contribute to RTA’s strategic objectives. It called for jointly identifying and creating opportunities within RTA projects for companies in Singapore to partner with them for implementing those projects while adhering to procurement policies and processes. It called for collaboration to identify the scope and market of Public-Private Partnership (PPP) projects for direct investment by Singapore companies. The MoU called for organizing a series of outreach events to create awareness of the opportunities and landscape in RTA and Singapore.”
Mr. G. Jayakrishnan, Enterprise Singapore’s Global Markets Executive Director for the Middle East & Africa, said that “The signing of this MoU underscores the longstanding relationship between RTA and ESG. As Dubai sets out to further enhance its transport system, Singapore companies can look forward to opportunities in innovation, technical cooperation and investments in clean energy mobility, intelligent transport, smart road infrastructure and fuel cell technology. ESG will work with RTA to identify potential project leads to facilitate such collaboration.”
RTA is keen to support partnerships with the private sector and improve the regulative environment to develop long-term partnerships to attract international partners and foreign investments. It is also keen on developing smart and innovative solutions for new partnerships in investment and funding transport projects.
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