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.
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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
Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
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Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
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
