DP World and Indonesian conglomerate Maspion Group have started the process of building a new container terminal in Gresik, East Java.
The terminal is set to enhance East Java’s position as a key trade gateway and connect Indonesian enterprises with customers in the region and globally.
The ceremony for the facility was held on 2 October and was attended by Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Dr. Alim Markus, Chairman and CEO of Maspion Group, and witnessed by Budi Karya Sumadi, Minister of Transportation.
The development of the terminal began in March 2021, when DP World and Caisse du Depot et Placement du Quebec, a worldwide investment organisation, inked a long-term deal with Maspion Group to begin building an international container port and industrial logistics park.
DP World Maspion East Java, the joint venture business, would manage a international container port with a design capacity of up to 3 million TEU, raising efficiency and operational excellence in Indonesia.
In addition, the alliance will create an integrated industrial and logistics park close to the container terminal, with an initial land size of 110 hectares and room for future growth.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “Our partnership with Maspion Group to build new infrastructure in Gresik will strengthen East Java’s position as a key trade and logistics gateway.
“It will also serve as a cornerstone in our strategy to expand our global ports and logistics network to offer our customers end-to-end solutions and boost supply chain resilience.”
Dr. Alim Markus, Chairman and CEO of Maspion Group, stated: “Maspion Group shares DP World’s vision and is dedicated to contributing to sustainable economic development in Indonesia and harnessing investment opportunities in the interest of the country’s fiscal growth.”