Agreement to strengthen cooperation in the area of asset management
The Emirates Group and Roads and Transport Authority (RTA) have today signed a Memorandum of Understanding (MoU) to collaborate and share best practices that enhance and create greater efficiencies across all asset management related activities for both organizations.
Mutual cooperation and open exchange between the Emirates Group and Roads and Transport Authority includes knowledge sharing in areas of asset sustainability, optimizing asset life-cycle utilization and enhancing returns on assets, the two stakeholders asserted in a joint press statement.
The MoU was recently signed by Ali Mubarak Al Soori, Executive Vice President-Chairman’s Office, Facilities & Project Management and Non-Aircraft Procurement & Logistics for Emirates Group, and Nasir Bu Shehab, CEO, Strategy and Corporate Governance Sector, RTA.
Prime capabilities
“Emirates Group has world-class expertise and capabilities in asset management through our local and global footprint, and we hope to further our cooperation with the RTA on matters of mutual interest in the areas of training, benchmarking tools, and frameworks within internationally recognized standards,” affirmed Al Soori.
This agreement follows the Dubai government’s directive for government entities to leverage the expertise and efficiencies of semi-government and private organizations. This 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 that provide greater operating efficiencies.
The Emirates Group is the first non-government organization to pen a partnership under the GRPS directive, and the collaboration with RTA will provide both organizations and their employees with shared knowledge, systems and frameworks in order to streamline operations, extract efficiencies and reduce costs.
Sustainability
“Dubai’s Roads and Transport Authority (RTA) strives 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,” commented Bu Shehab.
“Assets are considered the true capital of the economic sector. We have therefore got to keep assets protected & sustained, and improve their life cycles on a par with the top global standards. We will be in a better position to achieve these targets through acquaintance with the practices of our counterparts in this regard,” added Bu Shehab.
Joint activities between both organizations are slated to commence this month.
