DP World keen to expand in Kazakhstan

By Staff Report

Published: Sat 18 Jun 2016, 7:38 PM

Last updated: Sat 18 Jun 2016, 9:42 PM

DP World Group Chairman and CEO Sultan Ahmed bin Sulayem met the President of Kazakhstan, Nursultan Nazarbayev, at the St Petersburg International Economic Forum to enhance cooperation between DP World and Kazakhstan.

The meeting focused on opportunities to expand on DP World's participation in the development of the Khorgos Eastern Gate Special Economic Zone and the Port of Aktau.

President Nazarbayev noted that DP World was a leader in its field and an important strategic partner for Kazakhstan.

Bin Sulayem underlined DP World's effective partnership with the country while expressing his interest in joint ventures in other locations around the world. Kazakhstan, Russia and, more broadly, the New Silk Road countries and the Eurasian Economic Union are key markets for DP World.

Bin Sulayem said: "We already have a fruitful relationship with the government of Kazakhstan that we are looking to build on and will work with them on projects which support the flow of goods and enable trade across the region.

"From our experience, New Silk Road countries need to continue developing trade-centric solutions. They bring together all the ingredients required to encourage trade - from marine and inland terminals, free zones, customs and logistics underpinned by smart technology, to create a thriving business environment."

DP World enables trade in over half the world's economy today. Trade and investment opportunities in the New Silk Road are immense, connecting three continents and 65 countries. It is also the world's largest economic corridor with a population of 4.4 billion and economic output of $21 trillion, while representing 40 per cent of global GDP.

- business@khaleejtimes.com