- Advertisement -
Tuesday, November 26, 2024
Home News Fleet DP World to build $1.2bn port and logistics park in Indonesia

DP World to build $1.2bn port and logistics park in Indonesia

The first JV of its kind in the Indonesian transportation sector

DP World has said that it has signed two preliminary agreements with Indonesia’s Maspion Group for the development of a $1.2 billion port and industrial logistics park in East Java.

The first JV of its kind in the Indonesian transportation sector, it involves a public private partnership with Indonesia’s state-owned maritime operator Pelindo lll. According to a statement from DP World, the 3.6 million sqm integrated logistics park is expected to play a vital role as a trade getaway for Eastern Java.

It includes cooperation in setting up Maspion International Container Port in Gresik, East Java, with an investment of $1.2 billion and 3 million TEUs of capacity using electric power in its operations to help cut carbon emissions, the company added.

DP World added that the logistics park can provide a world class trade environment for Indonesian and international businesses to help drive economic growth and job creation.

Sultan Ahmed Bin Sulayem, chairman and CEO of DP World and chairman of Ports, Customs, and Free Zone Corporation said: “This partnership will be a major addition to our global portfolio and a new step in our ongoing expansion. It will also enhance our continuing commitment to Indonesia, one of the most important world economies.”

The exchange of agreements was witnessed by HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces, and Joko Widodo, President of Indonesia.

The project is expected to break ground later this year and commercial operations are being planned for the first half of 2022.

- Advertisement -
- Advertisement -

Most Popular

PlusX Electric advocates for sustainable charging solutions for EVs

Dubai-based PlusX Electric is advocating for the use of ‘more eco-friendly, non-super-fast chargers for electric vehicles (EV)’, stating that there are substantial environmental benefits...

PlusX Electric advocates for sustainable charging solutions for EVs

Dubai-based PlusX Electric is advocating for the use of ‘more eco-friendly, non-super-fast chargers for electric vehicles (EV)’, stating that there are substantial environmental benefits...

AJEX Logistics Services set to expand with new facility at Bahrain Cargo Village

AJEX Logistics Services (AJEX), a prominent express distribution and shipping solutions provider in the Middle East, has signed a Letter of Intent (LOI) with...

HEAT Show 2024: Action-packed HEAT Show opens in Dammam

The HEAVY EQUIPMENT AND TRUCK (HEAT) SHOW has officially opened its doors at the Dharan Expo, bringing together key players in the heavy equipment...

Related News

HEAT Show 2024: Al-Kifah strikes 100 unit ready mix truck deal

XCMG has continued its impressive week at the HEAT Show with a major deal to supply 100 units to Al Kifah, one of the...

PlusX Electric advocates for sustainable charging solutions for EVs

Dubai-based PlusX Electric is advocating for the use of ‘more eco-friendly, non-super-fast chargers for electric vehicles (EV)’, stating that there are substantial environmental benefits...

AJEX Logistics Services set to expand with new facility at Bahrain Cargo Village

AJEX Logistics Services (AJEX), a prominent express distribution and shipping solutions provider in the Middle East, has signed a Letter of Intent (LOI) with...

HEAT Show 2024: Action-packed HEAT Show opens in Dammam

The HEAVY EQUIPMENT AND TRUCK (HEAT) SHOW has officially opened its doors at the Dharan Expo, bringing together key players in the heavy equipment...

HEAT Show 2024: Tata Motors launches first AMT Truck in Saudi Arabia: Prima 4440.S

Tata Motors has unveiled its first-ever Automated Manual Transmission (AMT) truck, the Prima 4440.S AMT, in Saudi Arabia. Based on the brand’s flagship Prima platform,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here