Trade between Dubai and Indonesia in the first quarter of 2017 exceeded $300 million
The Dubai-based DP World and the Indonesian government and port officials have signed an agreement to advise on the development of facilities in the Southeast Asian country.
The agreement centres on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra, according to a statement by UAE state news agency WAM.
As part of a Technical Assistance Contract, DP World will share its expertise and experience in increasing efficiencies, training and development for employees and developing multi-modal transport hubs.
Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, 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.”
DP World will be reviewing operations at Belawan port and advising on efficiency improvements, and plans for the Kuala Tanjung greenfield port and logistics zone to reduce costs, which will positively impact prices of goods sold in the local market, according to the WAM statement.
The agreement is expected to have a far-reaching positive impact on the social and economic growth of the region.
DP World’s PT Terminal Petikemas Surabaya is located on the northern shore of eastern Java along the edge of Madura Strait.
Trade between Dubai and Indonesia in the first quarter of 2017 totalled AED1.45 billion ($303 million).