UAE Exchange signs deal to rename Dubai Metro station
Money transfer company UAE Exchange, owned by Indian-born billionaire Bavaguthu Raghuram Shetty, is the latest to sign a deal to name a Dubai Metro station.
Dubai's Roads and Transport Authority (RTA) said it has inked an agreement with UAE Exchange to rebrand the Jebel Ali Metro Station on the Red Line.
"The company has, as a result, become an integral part of the revamping process driven by the RTA, which has effectively contributed to transforming the concept of cooperation between partners into an advanced level of integration and comprehensive partnership in the concept of branding," the RTA said in a statement.
Abdullah Yousef, CEO of the RTA's Rail Agency, and UAE Exchange's president, Y Sudhir Kumar Shetty, signed the agreement.
Yousef said: "Having UAE Exchange on board is a further testament to the success of the naming rights initiative, which has evolved into a source of attraction to mega-businesses in the UAE."
"The Metro has been shaped into a creditable icon of the success of mass transit systems in the emirate, and we take the pride in re-naming Jebel Ali Station as UAE Exchange Station," added Shetty.
Other stations named after private or public firms on both the Red and Green Lines include Mall of the Emirates, Deira City Centre, Etisalat, Gulf General Investment Company (GGICO), Sharaf DG, First Gulf Bank, Nakheel, The Palm Deira, Nakheel Harbour & Tower, Dubai Airport Free Zone, Noor Islamic Bank, Burjuman Center, and Danube Company.