On a recent visit to Ukraine, DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem signed an MoU to the country’s logistics capabilities with the Ukrainian Minister of Infrastructure Volodymyr Omelyan and later met with President Petro Poroshenko, Prime Minister Volodymyr Groysman, senior ministers and officials.
At the meetings, Mr. Bin Sulayem also delivered a letter of intent from DP World for its P&O Maritime subsidiary to develop the tug and pilot boat services of Odessa port on the Black Sea.
President Poroshenko underlined Ukraine’s encouragement of foreign investment and welcomed the agreement between the Ministry of Infrastructure and DP World. Mr. Bin Sulayem said Ukraine’s geographic location on the Black Sea and potential for investment supported by favourable foreign and domestic policies provide a promising environment for the growth of the logistics sector.
DP World’s Constanta Terminal in Romania reinforces the company’s commitment to develop world class logistics facilities in the region.
Mr Bin Sulayem, said: “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.
“Seamless cargo movement supported by efficient infrastructure and services along multi-modal transport links is essential to profitable trade growth. To attract investors we must find innovative ways of working together through public-private partnerships, with a focus on infrastructure provision, developing financial markets, mitigating risks and eliminating red tape.”
Trade between Dubai and Ukraine amounted to more than US$270 million in 2015, with the majority being imports to Dubai, followed by exports and re-exports.