Tuesday, March 5, 2019

Port and Logistics Group Extends Belt and Road Options

Kazakhstan a Focal Point for Trade
Shipping News Feature
KAZAKHSTAN – DUBAI – It seems that port and logistics outfit DP World is determined to extend its influence within Kazakhstan, a country viewed as strategically important in the development of China's 'Belt and Road' policy. Having stated last March that the company intended to take a 51% stake in the Khorgos SEZ and 49% in the Aktau SEZ and subsequently signing a pair of framework agreements with the government of Kazakhstan for the two Special Economic Zones further talks have taken place.

DP World considers that both facilities play an important role in enhancing trade connectivity along the New Silk Route and have further actively promoted business connectivity between Kazakhstan and Dubai. The potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics sectors was the focus of discussions between global trade enabler DP World’s Chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s Prime Minister H.E. Askar Mamin in Astana today.

DP World has been providing management services to the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea, and Khorgos SEZ and Inland Container Terminal (ICD), which is strategically situated on the China-Kazakhstan border and has been acting as the primary transit point for trans-Eurasian cargo trains. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said:

“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 continue 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.”

Photo: DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with Kazakhstan’s Prime Minister Askar Mamin in Astana today