DP World and Kazakhstan officials discuss New Silk Road
DP World Group CEO Mohammed Sharaf has met with the Kazakhstan Minister for Investment and Development, Mr. Asset Issekeshev and senior officials to discuss New Silk Road and opportunities for logistics and trading between Asia and Europe.
The meeting was also attended by senior officials from Jebel Ali Free Zone (Jafza) and Dubai Customs and coincides with a major international investment forum in Dubai on the “New Silk Road.”
The New Silk Road connects marine and inland ports, economic zones and logistics at the heart of Asia and promises a sea change in intra-continental trade across thousands of miles from China to Europe.
DP World’s international experience and expertise in multi-modal transport links, logistics and the supply chain across its network is being brought to bear following an agreement with Kazakhstan Railways in 2013, according to a statement from the company.
DP World provides advisory services for the development of the Khorgos Special Economic Zone and Inland Container Depot in Kazakhstan with a similar arrangement under a separate contract for the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.
Since the agreement, the Khorgos dry port has been built in just 18 months and is on track for launch in July this year while the logistics and industrial zone will be completed as planned next year resulting in more general cargo flowing through Aktau from the expansion.
“DP World has a history of port, industrial zone and logistics expertise honed through our global network. We are part of new East -West trade routes, we have dry port and multi modal transport expertise,” said DP World Chairman HE Sultan Ahmed Bin Sulayem.
“Our flagship terminal at Jebel Ali, which the delegation had the opportunity to see, is a prime example, together with our logistics facility at Caucedo in the Dominican Republic, and the brand new logistics park at our London Gateway terminal, the largest in Europe. They demonstrate our ability to connect ports and industrial zones to encourage trade,” Bin Sulayem added.
“The New Silk Road is a game changing development for the logistics industry and global trade and we are proud to have the opportunity to be involved with the Government of Kazakhstan and look forward to continuing this partnership with them,” Bin Sulayem said.
Cargo from China currently take an average of 42 days to reach Europe by sea and the new logistics and transport infrastructure in Kazakhstan aims to reduce that to an average of 13 days.