DP World has signed a memorandum of understanding (MOU) with the Taiwan International Ports Corporation (TIPC).
The MOU commits DP World to developing Terminal 7 at Kaohsiung Port in Southern Taiwan.
The company is the first global terminal operator to enter the Taiwanese market and is looking to explore further investment opportunities in Taiwan’s port infrastructure.
DP World’s CEO Ahmed bin Sulayem said: “Kaohsiung was once a fishing villages, as was Dubai, and we have a common experience.
“Both the UAE and Taiwan are fortunate to have governments who anticipate change for the betterment of their people,” he continued.
TIPC is state-run and one of its vice-presidents manages the daily operations and regular business of the Port of Kaohsiung.