DP World signs Memorandum of Understanding to develop logistics in Ukraine

DP World has signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country. On a recent visit to Ukraine, DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, signed the MoU with the Ukrainian Minister of Infrastructure, Volodymyr Omelyan. President Poroshenko welcomed the agreement between the Ministry of Infrastructure and DP World.

Sulayem also delivered a letter of intent from DP World for its P&O Maritime subsidiary to develop the tug and pilot boat services of Odessa port on the Black Sea.

Sulayem said that Ukraine’s geographic location on the Black Sea and potential for investment, supported by favourable foreign and domestic policies, provide a promising environment for the growth of the logistics sector. He added that DP World’s Constanta Terminal in Romania, a facility with deep-draft access, also enjoys a strategic geographic location in the Black Sea.

Sulayem added that there was a substantial scope for cooperation because of the skilled manpower and location of Ukraine, with industrial zones being one specific area to explore. He also expressed DP World’s readiness to cooperate on the development of customs operations through the use of electronic technologies.

He continued, “We see major growth potential for trade on the Black Sea, backed by our Constanta terminal, helping to connect Far Eastern and regional markets with Europe and the rest of the world. Seamless cargo movement supported by efficient infrastructure and services along multi-modal transport links is essential to profitable trade growth. To attract investors we must find innovative ways of working together through public-private partnerships, with a focus on infrastructure provision, developing financial markets, mitigating risks and eliminating red tape”.

Source: DP World