DP World and Indonesian sign deal to develop port and trade infrastructure
An agreement has been signed between DP World and Indonesian government and port officials to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra.
As part of the deal, DP World will be reviewing operations at Belawan port and advising on efficiency improvements, and plans for the Kuala Tanjung greenfield port and logistics zone to reduce costs, which will positively impact prices of goods sold in the local market.
The agreement is expected to have a far-reaching positive impact on the social and economic growth of the region, said DP World in a statement.
“This partnership highlights Indonesia’s efforts to accelerate development of its ports and trade infrastructure, something we can help with given our global experience of advising governments on connecting with international markets,” DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, said.
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“In growing our global portfolio of 78 terminals in 40 countries we have become a knowledge exporter with insights on how to link countries with the goods they need.
“Our existing operations at PT Terminal Petikemas Surabaya (TPS) give us an added advantage of understanding local and regional markets and we look forward to working with the Indonesian port authorities on developing international and domestic trade.”
The agreement is expected to have a far-reaching positive impact on the social and economic growth of the region, said DP World in a statement.
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