Sunday , 19 January 2020
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DP World signs agreement with Indonesian government
The deal pertains to Kuala Tanjung and Belawan ports

DP World signs agreement with Indonesian government

DP World and the Indonesian government have reached an agreement to collaborate on the development of two ports and a logistics zone.

The Dubai-based company signed the Technical Assistance Contract with the state-owned port operator PT Pelabuhan Indonesia (Pelindo) I and will advise them on developing Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra.

As per the agreement, DP World will guide Pelindo I in increasing efficiencies, training and development of employees and developing multi-modal transport hubs.

DP World 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.

“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.”

At Belawan Port the focus will be on increasing efficiencies, while at the Kuala Tanjung sites the impetus is on reducing costs.