Dubai’s RTA, Emirates sign agreement to cooperate in asset management

Dubai’s Emirates Group and Roads and Transport Authority (RTA) have signed a Memorandum of Understanding (MoU) to collaborate and share best practices for greater efficiencies across asset management related activities for both organisations.

Mutual cooperation and open exchange between the Emirates Group and Roads and Transport Authority includes knowledge sharing in areas of asset sustainability, optimising asset lifecycle utilisation and enhancing returns on assets.

“Effective asset management is an important part of every organisation’s operations, financial positioning and overall growth,” said Ali Mubarak Al Soori, executive vice president – chairman’s office, facilities and project management and non-aircraft procurement and logistics for Emirates Group. “We look forward to strengthening ties with Roads and Transport Authority and developing a constructive and collaborative relationship through today’s agreement.”

This agreement follows the Dubai government’s directive for government entities to leverage the expertise of semi-government and private organisations. The agreement will also support the Government Resource Planning Systems (GRPS), which has been implemented across different governmental departments to boost resources and knowledge, as well as consolidate best practices and policies. Emirates is the first non-government entity to pen a partnership under the GRPS directive, and the collaboration with RTA will provide both organisations and their employees with shared knowledge, systems and frameworks.

“Dubai’s Roads and Transport Authority is keen on building relationships and sharing knowledge with various government and non-government organisations in line with the government directives,” said Nasser Bu Shehab, CEO of strategy and corporate governance sector, RTA.

“We strive to achieve the sustainability of RTA’s key assets to ensure the continuity of service delivery. This is particularly relevant as RTA owns extensive assets and properties such as roads, bridges, tunnels, metro, buses, taxis, and marine transport means among others.”

“We have charted out plans for the sustainability and protection of our assets for several years. We believe that cooperating with Emirates Group will enrich the experience of both parties and improve corporate performance as well.”

Joint activities between both organisations are slated to commence this month.