DP WORLD LAUNCHES ‘THE BELT AND ROAD’ DUBAI STATION IN PARTNERSHIP WITH CHINA’S ZPG

DP WORLD LAUNCHES ‘THE BELT AND ROAD’ DUBAI STATION IN PARTNERSHIP WITH CHINA’S ZPG

Trade enabling project to boost trade across continents

Dubai, United Arab Emirates, 02 October 2018: In another major step towards positioning the UAE and Dubai as a hub for east-west trade global trade enabler DP World has announced plans to build ‘The Belt and Road’ Dubai Station in partnership with Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd (ZPG).
The Belt and Road Station will integrate logistics, warehousing, e-commerce, circulation processing and distribution display services through an electronic platform that enables trade and business transactions.


The announcement follows an initial agreement in March to work on a ‘Straight-through Warehouse’ project in Yiwu, China, and a letter of intent in June to develop this new project.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said:”‘The Belt and Road’ Dubai Station marks a milestone in the evolution of Dubai as an international trade and commercial hub. Our partnership with Zhejiang Provincial Seaport Investment & Operation Group will encourage a new era of business growth in the UAE and across the region and will play a pivotal role in the Dubai One Belt and One Road Trade Market (OBOR TM) to expand operations and create higher economic and social benefits.

“China is Dubai’s biggest trading partner, with Dh69 billion worth of trade in the first half of 2018. We have a long-standing trading history and it’s essential that we develop the movement of goods to meet the growing needs of consumers. As a major port operator, ZPG is an ideal partner for us to build on our role as a global trade enabler. When fully developed both ‘The Belt and Road’ Dubai Station and the ‘Straight-through Warehouse’ project in Yiwu will have the potential to create a new economic facility that will span three continents and benefit more than two billion people.”

Zhu Congjiu, Vice Governor, Zhejiang People’s Government, said:“ In today’s highly interconnected world, Dubai and Yiwu can work together closely as twin cities to bring economic development across vast regions through their strengths as logistics and trade.

We look forward to the success of ‘The Belt and Road’ Dubai Station and the ‘Straight-through Warehouse’ project in Yiwu.”
ZPG is the main operator of Ningbo Zhoushan Port in China, a major international deep-water facility that is ranked the world’s largest for cargo throughput and fourth for container throughput.

-ENDS-

 

Follow DP World on:
Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

About DP World:

DP World is a leading enabler of global trade and an integral part of the supply chain. We operate
multiple yet related businesses – from marine and inland terminals, maritime services, logistics and
ancillary services to technology-driven trade solutions.
We have a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses
in over 40 countries across six continents with a significant presence in both high-growth and mature
markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a
long-lasting positive impact on economies and society.
Our dedicated team of over 36,000 employees from 103 countries cultivates long-standing relationships
with governments, shipping lines, importers and exporters, communities, and many other important
constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company’s core business and generates more than three quarters of its revenue.
In 2017, DP World handled 70.1 million TEU (twenty-foot equivalent units) across our portfolio. With its
committed pipeline of developments and expansions, the current gross capacity of 88.2 million TEU is
expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and
safe trade solutions globally.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s