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Dubai, United Arab Emirates, 23 January 2016: Speaking at the 2016 World Economic Forum in Davos, Switzerland yesterday, DP World Chairman HE Sultan Ahmed Bin Sulayem explained why the global trade enabler prefers the public-private partnership model when entering new markets.
Attended by political and business leaders from across the world, the forum is addressing a range of issues including the environment, international security and the onset of the Fourth Industrial Revolution or the new technology age.
HE Bin Sulayem spoke on a panel discussion on the prospects for regional development in Eurasia that included Prime Minister of Georgia Giorgi Kvirikashvili, Prime Minister of the Republic of Kazakhstan Karim Massimov and the president of Russia's second-largest lender VTB Bank, Andrey Kostin.
DP World Chairman HE Sultan Ahmed Bin Sulayem said:
"Joined up thinking and partners cooperating for long term growth is essential. The PPP model allows for the strengthening of both, regional trade and the global supply chain for the benefit of all. Our concessions have an average life of 40 years because we choose to invest for the long run."
The New Silk Road development project encompasses an area that produces about 55% of global GDP and has about 75% of known energy reserves. These new trade markets have caused shifts in Eurasia's employment structure, which has resulted in enormous potential for regional development, but first "we must remove complexities from the supply chain", HE Bin Sulayem said.
He added that technology infrastructure is crucial, while governments are vital in bridging trade blocks, using Dubai's own remarkable growth story as an example where in just 40 years the city has transformed into the global trade tub it is today.
DP World is already on the Silk Way, advising on Kazakhstan's new dry port, the logistics and industrial zone at Khorgos and the expansion of the Port of Aktau. Located at the intersection of several international transport corridors and while connecting transit cargo, the facilities are also underpinned by the use of smart technology.
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About DP World
DP World has a portfolio of more than 65 marine terminals across six continents(1), including new developments underway in India, Africa, Europe and the Middle East.
Container handling is the company's core business and generates more than three quarters of its revenue. In 2014, DP World handled 60 million TEU (twenty-foot equivalent container units). With its committed pipeline of developments and expansions, capacity is expected to rise to more than 100million TEU by 2020, in line with market demand.
DP World has a dedicated, experienced and professional team of over 36,000 people serving its customers around the world, and the company constantly invests in terminal infrastructure, facilities and people to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 20 consecutive years.
(1) As of March 2015
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Press Release 2016
