Dubai – Mubasher: DP World plans to invest in new infrastructure in Kazakhstan’s ports and logistics sectors.
The announcement came after discussions held between global trade enabler DP World’s chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s prime minister Askar Mamin in Astana on Tuesday, state news agency WAM reported, without defining a magnitude for investments.
The Dubai-based ports operator also signed two framework agreements with the government of Kazakhstan for Special Economic Zones (SEZ) in Aktau and Khorgos.
“DP World has been providing management services to the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea, and Khorgos SEZ and Inland Container Terminal, ICD, which is strategically situated on the China-Kazakhstan border and has been acting as the primary transit point for trans-Eurasian cargo trains,” WAM said.
DP World pointed out that both facilities play an important role in enhancing trade connectivity along the New Silk Route, and have further actively promoted business connectivity between Kazakhstan and Dubai.
“Our expertise in developing logistics and trade-enabling infrastructure will benefit tremendously from building facilities in Kazakhstan and to the needs of local businesses. We believe that the economic fundamentals of Kazakhstan are very strong, which is why to look forward to continuing investing there,” Bin Sulayem commented.
