DP World has announced it will invest heavily in Kazakhstan’s port and logistics infrastructure as it looks to improve the supply chain across central Asia and accelerate the Caspian Sea into a hub of global trade hub, according to a statement.
On March 5, 2019, the global trade enabler announced it had signed two agreements with the Kazakhstan government to build Special Economic Zones (SEZ) at the Port of Aktau, the country’s main cargo and bulk terminal, and Khorgos, situated on the Chinese border and home to the Inland Container Terminal (ICD).
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In a statement, the company said it had done so because the country’s vitality potential to boost trade across Asia.
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Furthermore, it also sees Kazakhstan as an important player in China’s Belt and Road Initiative (BRI), and both SEZs will promote business and connectivity with Dubai.
DP World Chairman @ssulayem and Kazakhstan’s Prime Minister H.E. Askar Mamin meet to discuss the potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics. Read more: https://t.co/P8Q3Opc9YO pic.twitter.com/4sUTGoFQMl
— DP World (@DP_World) March 6, 2019
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem spoke of Kazakhstan’s potential for trade and global logistics: “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 look forward to continuing investing there.
“President Nursultan Nazarbayev’s vision and progressive policies have laid the groundwork for linking the Far East to Europe and ensuring that the Khorgos Internal Container Depot and SEZ play a crucial role in facilitating this.”