|03 March, 2020

Al Tayer opens 3rd Emirati-French Business Summit engaging 45 French firms

Al Tayer: RTA has plans for PPP projects worth AED23 billion up to 2025

Al Tayer opens 3rd Emirati-French Business Summit engaging 45 French firms

Roads and Transport Authority – Mohammed Al Munji:

His Excellency Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), opened the 3rd Emirati-French Business Engagement Summit held under the theme: ‘The Future of Mobility and Innovation,’ staged by RTA in collaboration with the French Business Council in Dubai.

Attendees included His Excellency Ludovic Pouille, Ambassador of the Republic of France to the UAE; Her Excellency Raja Rabia, Consul-General of France in Dubai; and His Excellency Geoffroy Bunetel, President of the French Business Council in Dubai and Northern Emirates. 45 public and private French firms from the UAE and France took part in the summit.

“The summit has been a catalyst for boosting the commercial and investment exchange between RTA and the French Business Council culminating in the signing of MoU with Leon city providing for sharing knowledge, expertise and top global practices of transport and infrastructure,” said Al Tayer.

“It also cemented bilateral investments in various fields. French companies have undertaken projects for RTA amounting to AED14 billion. Such projects are highlighted by Dubai Tram, Enterprise Command Control Centre (EC3) and Route 2020 project for extending the Red Line of Dubai Metro to the site of Expo 2020 currently undertaken by Expolink consortium led by Alstom,” commented Al Tayer.

AED23 billion

“In compliance with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to nurture a hospitable environment for private investors to undertake development projects in Dubai, RTA has developed a master investment strategy. The strategy encompasses projects open for partnership with the private sector to boost RTA’s financial sustainability and open up new investments. Projects currently identified worth AED14 billion and RTA has plans for future projects in excess of AED23 billion in value up to 2025,” explained Al Tayer.

“Top projects open for the private sector are highlighted by Union 71; a mix of multipurpose project that combine commercial, residential and retail units above the Dubai Metro Union Station. Other examples include Saahat Deira project, a rooftop entertainment plaza spanning 35,000 square metres of open urban areas for the happiness of families, resident of surrounding areas, and lovers of outdoor walking in addition to the Bus Shelters project,” he added.

Mobility and Innovation

“This 3rd edition of the Emirati-French Business Summit on Future of mobility and innovation is a great example of the strength of the bilateral partnership between RTA and the French Business Council. This event offers a fruitful way to pursue the French/ Emirati dialogue on Mobility, one of the pillars of Expo 2020. From Metro to Light Rail, from transport engineering to the first and last-mile solutions, French expertise in the urban mobility field is recognized worldwide,” said His Excellency Ludovic Pouille, Ambassador of the Republic of France to the UAE.

Laurence Batlle, Chief Executive Officer of RATP Dev, says: “We are proud and honoured to be a long-term partner of the Emirati-French Business Summit held by the Roads and Transport Authority and organized by the French Business Council Dubai and Northern Emirates. At RATP Dev, we are true believers in Dubai’s and RTA’s unique vision and ambition to innovate and build the mobility of the future through a safe and smooth public transport for all in order to support the development of this amazing city and its residents’ quality of life. This event is a remarkable opportunity to share ideas and be inspired”.

“Transport is a sector of excellence and a key element of attractiveness for both France and the UAE. At the French Business Council in Dubai and the Northern Emirates, we are convinced that both of the UAE and France will deliver great synergies in addressing these projects together with innovative approaches and solutions,” said His Excellency Geoffroy Bunetel, President of the French Business Council in Dubai.

“We have today a unique momentum to strengthen business links between RTA and the French Community, build potential fields of cooperation, and create an ideal partnership to continuously innovate and drive the prosperity of our two countries,” he added.

Summit Sessions

The Emirati-French Business Engagement Summit discussed an array of topics examining projects and initiatives relating to the first and last-mile solutions, sustainable mobility, and data management and analysis with the aim of applying artificial intelligence to future projects. It also examined digital transactions known as blockchain technology.

-Ends-

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases