MOSCOW TIME: 26.04.2024 07:12:34
Dubai Port World plans to make significant investments in development of Primorye transport system, informed the first Vice Chairmen of the company Jamal Majid Bin Thaniah at the meeting with Vasiliy Usoltsev, the first Vice Governor
Dubai Port World plans to invest heavily in development of Primorye transport system
Dubai Port World plans to make significant investments in development of Primorye transport system, informed the first Vice Chairmen of the company Jamal Majid Bin Thaniah at the meeting with Vasiliy Usoltsev, the first Vice Governor.
The first Vice Chairmen of Dubai Port World highlighted that, when establishing port facilities, the company pays much attention to the development of infrastructure. “A considerable part of our investments was spent on the development of such economic zones as those planned to realize in Primorye. For example, free economic zone “Jevel Ali” near Dubai with about 7 thousand of residents created about 130 thousand jobs. Its production output makes up 21% of Dubai’s GDP. Its port is one of the largest container handlers in that part of the world. We carry out our success in Dubai into other territories, and I am sure that we will succeed in Primorye”, said Jamal Majid Bin Thaniah. He also specified that the company is going to present the investment plan in the nearest future.
DP World (Dubai Port World) is owned by Dubai World, government-operated company. DP World, one of the world’s largest port operators, has 65 terminals in 31 countries. Container handling is the company’s core business and generates around 80% of its revenue. In 2012, DP World handled more than 56 million TEU (twenty-foot equivalent container units), and the capacity is expected to rise to 100 million TEU by 2020.
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