INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Mohamed bin Zayed issues law to establish Abu Dhabi Transport Company

The company will develop rail systems and all other related services and operations in Abu Dhabi.
  • An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem.
  • It will develop transport systems, and contributing to effective and sustainable transport services for citizens and residents.

ABU DHABI, UAE – In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan  has issued a law establishing the Abu Dhabi Transport Company.

An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem by developing transport systems, and contributing to effective and sustainable transport services for citizens and residents.

Abu Dhabi Transport Company will implement, operate and develop transport systems in both urban and rural areas across the emirate.

Additionally, the company will oversee any other activity related to its mandate.

The company will develop rail systems and all other related services and operations and will provide integrated transport services, including the rental of vehicles and buses.

Abu Dhabi Transport Company will endeavor to achieve its stated goals in collaboration with relevant government entities in Abu Dhabi.