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RATP Dev and Lakhraim Business Group company Zain Capital have formed a joint venture to bid for public transport projects in UAE. Announcing the formation of RATP Dev Transportation LLC on April 26, RATP Dev said that its aim is to ‘serve the growing needs of the UAE for advanced public transportation solutions’. Plans for the joint venture had been announced in June 2015.
‘The UAE is a key public transportation market within the MENA region and has a unique vision of becoming a smart city, with all the mobility and connectivity requirements this entails, as well as practical infrastructure needs to serve the growing population, increasing numbers of visitors, and major events such as World Expo 2020’, said RATP Dev Chief Executive François-Xavier Perin.
This article first appeared on www.railwaygazette.com
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