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DP World positive on Kazakhstan

In November 2013, DP World and the Kazakhstan National Railway Company, Kazakhstan Temir Zholy, signed an agreement that will see DP World provide management services for the development of the Khorgos SEZ and ICD.

Jamal Majid bin Thaniah and KTZ president Askar Mamin during a visit to the Port of Aktau. — Supplied photo

DP World vice-chairman Jamal Majid bin Thaniah has visited the Port of Aktau to meet the Kazakhstan Prime Minister Karim Masimov as part of their review of the Central Asian nation’s infrastructure development at the port and in Khorgos in the east of the country.

A special ceremony held early this month saw Kazakhstan President Nursultan Nazarbayev, inaugurate the construction of the new Khorgos Special Economic Zone, or SEZ, and Inland Container Depot, or ICD, via video link, with the event attended by senior DP World and government officials.

In November 2013, DP World and the Kazakhstan National Railway Company, Kazakhstan Temir Zholy, signed an agreement that will see DP World provide management services for the development of the Khorgos SEZ and ICD.

DP World is also providing similar services under a separate contract at the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.

Bin Thaniah said: “Kazakhstan is perhaps the world’s original cross-border trade enabler as home to the longest segment of the ancient Silk Way. With the shift of manufacturing to central and western Chinese cities there is a new potential to develop a New Silk Way that links China and the West mainly by land.

“Developing special economic zones is an excellent way to attract business and investment in a growing emerging country and our experience of Jebel Ali port and the free zone provides some valuable insights into how to best manage these opportunities.”