RAILBUS and RTA Forge Partnership for Sustainable Urban Travel
Dubai is actively pursuing the introduction of an innovative, solar-powered transportation system within the city.
2 min
RAILBUS Inc, a leader in sustainable travel technology, has formally entered into a Memorandum of Understanding (MOU) with Dubai’s Roads and Transport Authority (RTA). This collaboration is a pivotal step towards transforming urban mobility and reflects a joint dedication to eco-friendly transport solutions.
Solar-Powered Public Transport Initiative in Dubai
The agreement between RAILBUS and the RTA sets the stage for joint efforts in advancing and implementing environmentally sustainable transportation technologies throughout Dubai.
The solar-powered system developed by RAILBUS introduces an innovative model for public transportation, promoting an environmentally friendly, efficient, and economical alternative to conventional transport methods.
Abdul Mohsen Kalbat, CEO of the Rail Agency at RTA, reflected on the partnership, pointing out that working with RAILBUS aligns with their goals to implement groundbreaking solutions that enhance the quality of life in Dubai. He expressed anticipation for the potential impacts of the solar-powered transportation system on the city’s goals for sustainability and enhanced mobility.
Rawan Kamal, Partners Relations Manager at RAILBUS Inc, shared her excitement about the partnership, mentioning that it represents more than just progress—it signifies a major stride towards a future where urban centers are powered by clean, renewable energy. She noted the pleasure of partnering with an innovative organization like the RTA and looked forward to the sustainable development opportunities that might arise from this collaboration.
Main Highlights of the Strategic Alliance:
The strategic alliance emphasizes utilizing RAILBUS‘s expertise in solar-powered transport technologies to expand and enhance Dubai’s public transportation system. This initiative underscores Dubai’s commitment to environmental sustainability and aims to reduce carbon emissions within the transport sector. Additionally, the collaboration includes the launch of pilot projects designed to evaluate the effectiveness and benefits of integrating the RAILBUS system into Dubai’s existing infrastructure.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Employment grew for the 16th consecutive month as companies expanded.
2 min
According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
