New Delhi: RITES Limited has approved the formation of a joint venture with UAE-based NICC Infrastructure Construction LLC to expand its presence in the Middle East infrastructure and consultancy market.
The decision was approved by the company’s Board of Directors on June 25, 2026, marking a strategic step to strengthen its global operations through a structured partnership in the United Arab Emirates.
Joint Venture to Be Set Up as UAE-Based Limited Liability Company
As per the official stock exchange filing, the proposed entity will be established as a Limited Liability Company (LLC) in the United Arab Emirates.
Key highlights of the joint venture include:
- Partner: NICC Infrastructure Construction LLC
- Structure: Limited Liability Company (LLC)
- Location: United Arab Emirates
- Investment: Approved (final amount to be disclosed later)
The detailed financial structure and shareholding pattern will be announced after the execution of the shareholders’ agreement.
Read also: RITES Bags ₹148.93 Crore NUPPL Contract After Major Scope Expansion in Railway Operations
Strategic Expansion into Middle East Infrastructure Market
The joint venture is aimed at strengthening RITES Limited participation in infrastructure, transport, engineering, and consultancy projects across the Gulf region.
The Middle East continues to be a high-growth infrastructure market, driven by major investments in:
- Railways and transport systems
- Urban development projects
- Ports and logistics infrastructure
- Industrial and smart city projects
This partnership is expected to help RITES tap into large-scale global opportunities and diversify its international revenue base.
Compliance and Regulatory Disclosure
The company stated that further disclosures will be made under Regulation 30 of the SEBI (LODR) framework and relevant SEBI circulars once the shareholders’ agreement is finalized. All key details, including capital contribution and operational structure, will be communicated to stock exchanges in due course.
Part of RITES’ Global Expansion Strategy
RITES Limited has been steadily expanding its international footprint across Asia, Africa, and the Middle East through consultancy assignments and strategic partnerships. This latest move aligns with its long-term strategy to strengthen global competitiveness in transport infrastructure and engineering services.
The proposed joint venture between RITES Limited and NICC Infrastructure Construction LLC marks a significant step in expanding India’s engineering consultancy presence in the Gulf region. The collaboration is expected to unlock new opportunities in large-scale infrastructure development across the United Arab Emirates and surrounding markets.
About RITES Limited
RITES Limited is a leading Public Sector Undertaking (PSU) under the Ministry of Railways, Government of India. It specializes in transport infrastructure, offering services in railway engineering, rolling stock export, project management, and consultancy across more than 50 countries. Known for its expertise in turnkey solutions, RITES plays a key role in promoting India’s rail technology and infrastructure capabilities worldwide.
