Dubai – Mubasher: DP World has signed a memorandum of understanding (MoU) with the government of Ukraine to develop logistics capability in the country, according to a statement.
The group also submitted a letter of intent for its P&O Maritime subsidiary to develop the tug and pilot boat services of Odessa port on the Black Sea.
DP World’s Constanta Terminal in Romania enjoys a “strategic” geographic location in the Black Sea, according to DP World group chairman and CEO Sultan Ahmed Bin Sulayem.
“We see major growth potential for trade on the Black Sea, backed by our Constanta terminal, helping to connect Far Eastern and regional markets with Europe and the rest of the world,” Bin Sulayem said.
Trade volume between Dubai and Ukraine stood at more than AED 1 billion in 2015, with the majority being imports to Dubai, followed by exports and re-exports. Total trade exceeded AED 500 million in the first half of 2016.
