Latest news with #LifePharmacyGroup
Filipino Times
06-05-2025
- Business
- Filipino Times
Dubai's UAE Exchange Metro Station to be renamed Life Pharmacy
Dubai's UAE Exchange Metro Station is getting a new name—it will now be called Life Pharmacy Metro Station . The updated name will start appearing on all signs, apps, and train announcements from May until the end of August 2025, as part of the official station rebranding process. This change comes after the Roads and Transport Authority (RTA) officially granted a 10-year naming rights to Life Pharmacy Group and Hypermedia. The signing of the agreement was also attended by Mada Media as the authorized concessionaire appointed by the RTA. The move is part of the RTA's Dubai Metro Naming Rights initiative, launched in 2009 to allow private companies to invest in metro station naming as a long-term marketing strategy. RTA Rail Agency CEO Abdul Mohsen Ibrahim Kalbat said the partnership shows how the government works with private companies to support economic development. 'RTA is committed to forging successful partnerships with the private sector, given its vital role in driving national economic growth and contributing to GDP. This successful public-private partnership model facilitates the transfer of knowledge and expertise, creates job opportunities across multiple sectors, and supports the government's broader development agenda,' he said.
Hi Dubai
06-05-2025
- Business
- Hi Dubai
Life Pharmacy Secures Naming Rights for UAE Exchange Metro Station in 10-Year Deal
Dubai's Roads and Transport Authority (RTA) has officially renamed the UAE Exchange Metro Station to Life Pharmacy Metro Station, following a 10-year naming rights agreement with Life Pharmacy Group. The move marks another milestone in RTA's successful Metro Naming Rights initiative, launched in 2009. The agreement was signed between Life Pharmacy and Hypermedia, with Mada Media acting as the authorised concessionaire under its existing concession agreement with RTA. The collaboration highlights the growing synergy between Dubai's public sector and leading private entities. Abdul Mohsen Ibrahim Kalbat, CEO of RTA's Rail Agency, described the partnership as a strategic step forward. 'RTA is committed to forging successful partnerships with the private sector, given its vital role in driving national economic growth,' he said, emphasising the initiative's contribution to knowledge transfer, job creation, and broader development goals. Mohamad Al Hammadi, CEO of Mada Media, hailed the partnership as a strategic opportunity to transform metro stations into high-impact branding spaces. 'This initiative allows naming rights sponsors to elevate their visibility and strengthen engagement with the public,' he said. Life Pharmacy Group Chairman and Managing Director Abdul Rahuman Abdul Nazzar noted the significance of the station as a key hub in Dubai's transport network. 'This partnership goes beyond naming rights—it reflects our commitment to the city and its communities,' he said. The rebranding process will begin in May and continue through August 2025. RTA will update directional signage, smart digital systems, mobile applications, and audio announcements to reflect the new station name. The agreement reinforces Dubai's commitment to public-private collaboration, offering companies a chance to integrate more deeply into the city's infrastructure while enhancing commuter experience. News Source: Dubai Media Office
TAG 91.1
05-05-2025
- Business
- TAG 91.1
UAE Exchange metro station gets new name
The UAE Exchange station on Dubai Metro's Red Line will now be known as Life Pharmacy metro station, following a 10-year naming rights agreement. The deal was signed by Life Pharmacy Group and Hypermedia, with Mada Media representing the Roads and Transport Authority (RTA) as its official concessionaire. Abdul Mohsen Ibrahim Kalbat, CEO of the RTA's Rail Agency, hailed the partnership as a key step in the ongoing success of the Dubai Metro Naming Rights initiative, launched in 2009. He emphasised the value of public-private partnerships in supporting economic growth and creating new opportunities. The RTA will begin updating signage and systems with the new station name from May through August 2025. Mada Media's CEO Mohamad Al Hammadi said the agreement reflects their aim to transform metro stations into high-impact branding platforms, while Life Pharmacy Group's Chairman & Managing Director Abdul Rahuman Abdul Nazzar described the partnership as a symbol of the company's commitment to the city and its communities.
