Emirates has signed an agreement with Dubai’s Roads and Transport Authority (RTA) to deepen strategic cooperation on asset management to “streamline operations, extract efficiencies and reduce costs”.
The Memorandum of Understanding includes knowledge sharing in areas of asset sustainability, optimising asset lifecycle utilisation, and enhancing returns on assets.
The organisations have agreed to collaborate and share best practice to enhance and create greater efficiencies across asset management. Joint activities between the organisations is due to start later this month.
It follows the Government Resource Planning Systems (GRPS) directive from Dubai’s government to leverage the expertise and efficiencies of semi-government and private organisations.
Emirates Group is the first non-government organisation to sign a partnership under the GRPS directive, and the collaboration will provide both organisations and their employees with shared knowledge, systems and frameworks in order to streamline operations, extract efficiencies and reduce costs.
Ali Mubarak Al Soori, executive VP, facilities and project management at Emirates Group, said: “Effective asset management is an important part of every organisation’s operations, financial positioning and overall growth.
“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 recognised standards to extract the greatest value possible from our assets.”
Nasser Bu Shehab, CEO of strategy and corporate governance, at RTA, said: “Dubai’s RTA is keen on building relationships and sharing knowledge with various government and non-government organisations in line with the government directives.
“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.
“Assets are considered the true capital of the economic sector. We have therefore got to keep assets protected and sustained, and improve their lifecycles 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.”
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