Monday, June 20, 2016

DP World Looks at Transport and Logistics Investment on the Silk Road

Port Specialist Meets with Kazakhstan President
Shipping News Feature
KAZAKHSTAN – Despite concerns over human rights and a lamentable record regarding corruption, the country seems to be on a publicity high at the moment. British astronaut Tim Peake landed in Kazakhstan this week, along with his two Russian compatriots of six months, and port and logistics specialist DP World saw its Chairman and CEO, Sultan Ahmed Bin Sulayem, meet with the President, Mr Nursultan Nazarbayev, during the St. Petersburg International Economic Forum in Russia, to discuss further development of the Khorgos Eastern Gate Special Economic Zone and the Port of Aktau.

President Nazarbayev noted that DP World was a leader in its field and an important strategic partner for Kazakhstan and Mr Bin Sulayem underlined DP World’s effective partnership with the country while expressing his interest in joint ventures in other locations around the world. He added that the growing importance of multimodal transport systems, connecting air, rail, road and sea, was vital for seamless cargo movement.

Trade and investment opportunities in the New Silk Road are immense, connecting three continents and 65 countries. It is also the world’s largest economic corridor with a population of 4.4 billion and economic output of $21 trillion, while representing 40% of global GDP. Meanwhile, the Eurasian Economic Union (EAEU) offers a combined market of 180 million people and a total GDP of almost $6 trillion. Kazakhstan, Russia, and more broadly, the New Silk Road countries and the EAEU are key markets for DP World which says it currently enables trade in over half the world’s economy with the company’s chief executive commenting:

“We already have a fruitful relationship with the government of Kazakhstan that we are looking to build on and will work with them on projects which support the flow of goods and enable trade across the region which remains an attractive market for us with huge long term growth prospects.

“Trade corridors such as the New Silk Way connect supply chains capable of remarkable global economic importance and as a global trade enabler, investment in infrastructure and developing that capability is part of our focus. We look at trade and logistics solutions, transport links and connectivity to the hinterland and how we can help improve efficiency for the benefit of economies.

“From our experience, New Silk Road countries need to continue developing ‘trade centric’ solutions. They bring together all the ingredients required to encourage trade, from marine and inland terminals, free zones, customs and logistics underpinned by smart technology, to create a thriving business environment.” Photo: Sultan Ahmed Bin Sulayem meets Mr Nursultan Nazarbayev.