DP World signs deal with Indonesia government for ports
Global trade enabler, DP World, has secured an agreement with the Indonesian government to aid in the development of Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra.
The terms of the contract dictate that DP World is available to the Indonesian government in an advisory capacity, sharing the firms experience and expertise in increasing efficiencies, training and development for employees, and developing multi-modal transport hubs.
The Technical Assistance contract truly showcases DP Worlds belief that it is a knowledge exporter and also adds to a rapidly growing portfolio of projects around the world.
DP World will be reviewing operations at Belawan port and advising on efficiency improvements, and also producing plans for the Kuala Tanjung greenfield port and logistics zone to reduce costs. This will positively affect 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.
DP World group chairman and CEO, Sultan Ahmed bin Sulayem, said: This partnership highlights Indonesias 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. 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.