Dubai, United Arab Emirates: DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Azerbaijan, Ilham Aliyev in Baku yesterday (9 May) to explore future opportunities for economic cooperation and existing arrangements to develop logistics infrastructure in the country.

Mr. Bin Sulayem highlighted the advisory role DP World is playing in the development the Alyat Free Trade Zone following an agreement in September 2016. The future business hub is part of a network of planned economic zones in the country forming part of the Eurasian trade corridor with the country sitting astride major transport arteries that feature in the One Belt One Road (OBOR) initiative.

Also addressing the IAPH Baku 2018 World Ports Conference in Baku yesterday (9 May), DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “Azerbaijan lies at the crossroads of the Eurasia, a huge part of the world that features 65% of the its population, 75% of its energy resources and 40% of GDP. The country is well placed to become a major logistics hub at the heart of major trade routes and is developing its infrastructure to make it to happen.

“The Alyat Free Trade Zone and the Port of Baku are key assets in the development of these logistics ambitions helping the country to become a focal point for trade between Europe, China and elsewhere. Our global expertise in infrastructure development across 40 countries such as Jebel Ali in Dubai, London Gateway, the Dominican Republic and nearby Kazakhstan is adding value to the development and growth of the nation for the benefit of all.

“Transport infrastructure is already on track. The 826-kilometer rail link connecting Turkey, Azerbaijan and Georgia, through an ‘iron’ silk road able to transport 1 million passengers and 6.5 million tonnes of freight each year is a notable highlight. When economies connect, economies change and projects like these encourage change and cooperation. We are delighted to be playing our part in the country’s journey of progress.”

For DP World media enquiries please contact:
Sanaa Maadad
Corporate Communications Manager
DP World
Tel: +971 505522610
sana.maadad@dpworld.com

Mike Vertigans
Senior Corporate Communications Manager
DP World
Tel: +971 566769324
michael.vertigans@dpworld.com

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About DP World:

DP World [1] 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.

[1]  As of February 2018

© Press Release 2018