DP World announced that it plans investing heavily in Kazakhstan’s port and logistics infrastructure as it looks to enhance the supply chain across central Asia and accelerate the Caspian Sea into a hub of global trade hub.
Specifically, on March 5, DP World announced that it signed two agreements with the Kazakhstan government to build Special Economic Zones (SEZ) at the Port of Aktau, the country’s main cargo and bulk terminal, and Khorgos, placed on the Chinese border and home to the Inland Container Terminal (ICD).
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According to the company’s statement, the decision on investing in Kazakhstan had to do with the country’s potential to boost trade across Asia.
Moreover, for the company, Kazakhstan is a major player in China’s Belt and Road Initiative and both SEZs will promote business and connectivity with Dubai.
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, talked about Kazakhstan’s potential on being a trade and global logistics hub.
As Sultan Ahmed Bin Sulayem commented
Our expertise in developing logistics and trade-enabling infrastructure will benefit tremendously from building facilities in Kazakhstan and to the needs of local businesses.
