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Press Releases

15 Feb 2022

Singing two MoUs with Canadian Business Council, Enterprise Ireland


(The MoUs aim to benefit from the top practices of the transport industry)


an image of Nasser Abu Shehab, CEO, Strategy and Corporate Governance Sector, RTA

Dubai’s Roads and Transport Authority (RTA) has signed two Memoranda of Understanding (MoU), the first with the Canadian Business Council of Dubai, and the other with Enterprise Ireland. The two MoUs aim to benefit from the best trading and investment practices of the public transport industry and mobility in Canada and Ireland. Nasser Abu Shehab, CEO, Strategy and Corporate Governance Sector, RTA; Colin M. Beaton, Chairman, Canadian Business Council of Dubai and the Northern Emirates; and Mike Hogan, Regional Director – MENA, Enterprise Ireland signed the MoUs on behalf of the respective entities. 

“The signing of the two MoUs is part of our efforts to enhance the economic relations between RTA and the two entities to benefit from the best commercial and investment practices of the public transport and mobility industry. The step provides information about RTA’s project prospects for the associated Canadian and Irish companies, which will open the door for partnerships in delivering projects,” said Nasser Abu Shehab, CEO, Strategy and Corporate Governance Sector, RTA. 

“The common goals of the two MoUs are summarised in attracting Canadian and Irish investments and identifying tangible commercial projects that would contribute to achieving the strategic objectives of RTA. RTA is keen to provide world-class infrastructure and transport networks to keep pace with the rapid development seen by Dubai, which has made immense investments in developing roads and transport infrastructure.

“The Canadian Business Council is proud to cooperate with RTA, which had offered huge opportunities to Canadian businesses. Based on the mutual successes achieved so far, we are looking forward to working closely with RTA to boost the trading relations between Canada and the UAE in future,” said Colin M. Beaton, Chairman, Canadian Business Council of Dubai and the Northern Emirates. 

“The UAE and Ireland have a lot in common. Both countries invest heavily in innovative solutions to move their nations and people forward. We are pleased to enter into this partnership with RTA, an entity with model practices and operations,” said Mike Hogan, Regional Director – MENA, Enterprise Ireland. 

Canadian Business Council

The Canadian Business Council assists Canadian-related companies and professionals based or operating in Dubai and the UAE, through business networks, contacts, information, and contact with Canada. The Canadian Business Council is one of the largest and most active business councils in the Middle East and North Africa region and provides members with the opportunity to build their own business and government networks.

Enterprise Ireland

Enterprise Ireland is a government organisation responsible for the growth of Irish companies in global markets. It partners with Irish companies to help them start, grow, innovate and win export sales in global markets. It also supports sustainable economic growth, regional development and safe business.

Partnership and Investment

RTA has mapped out a comprehensive roadmap to enhance partnerships with the private sector over the next five years. It involves the construction of 14 projects based on the public-private partnership (PPP) model that worth more than five billion dirhams, which is part of RTA’s investment strategy. Among the key projects undertaken in this regard is the Trucks Rest Stops project, the first of its kind in the region.

Investments include a range of transport infrastructure services such as bus stations, multi-level parking terminals, and improved street lighting projects. RTA always seeks to adopt the top international practices in promoting partnerships with the private sector and improving the regulatory environment for engaging in long-term partnerships.
 

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