DP World, Indonesia sign deal to develop port and trade infrastructure
DP World and the Indonesian government have signed an agreement for the development of the Kuala Tanjung greenfield port, logistics zone, and Belawan port
UAE-based port operator DP World and the Indonesian government have signed an agreement for the development of the Kuala Tanjung greenfield port, logistics zone, and Belawan port in the North Sumatra region of the country.
The agreement, part of a previous Technical Assistance Contract, will see DP World share its expertise and experience in increasing efficiencies, training and development for employees, and developing multi-modal transport hubs.
DP World group executive vice president and chief operating officer, Anil Wats, and state-owned port operator PT Pelabuhan Indonesia, Pelindo I, president and director, Bambang Eka Cahyana signed the agreement, DP World announced in a statement.
DP World group chairman and CEO, Sultan Ahmed Bin Sulayem, said: "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 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, with the aim of positively impacting prices of goods sold in the local market.
The agreement is also expected to have a far-reaching positive impact on the social and economic growth of the region.
DP World’s PT Terminal Petikemas Surabaya is located on the northern shore of eastern Java along the edge of Madura Strait.
Trade between Dubai and Indonesia in the first quarter of 2017 totalled $395m (AED1.45bn).