DP World reiterates commitment to invest $1b
Dubai-based multinational logistics company DP World will invest $1 billion in Bangladesh's supply chain infrastructure, including ports, rail network and inland container terminals.
The investment will be made under a government-to-government agreement signed in 2019 for public-private participation on infrastructure projects.
The assurance came when a high-level Bangladesh government delegation led by State Minister for Shipping Khalid Mahmud Chowdhury visited DP World Pavilion at Expo 2020 Dubai during November 21-23, the company said in a statement.
The delegates met Sultan Ahmed bin Sulayem, group chairman and CEO of DP World; Mohammed Al Muallem, executive vice president for the Office of the Chairman of DP World; and Rizwan Soomar, CEO and managing director, DP World Subcontinent, and other officials of the company.
The delegation included Sultana Afroz, secretary and chief executive officer for Public-Private Partnership Authority under the Prime Minister's Office, Mohammed Mezbah Uddin Chowdhury, shipping secretary, and M Shahjahan, chairman of Chittagong Port Authority.
The pavilion demonstrated how trade shapes the world today and would do so in the future, connectivity and movement of cargo around the globe and the vital role of smarter trade in the global economy.
The delegates were also briefed on DP World's range of products and services, which covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks, as well as technology-driven customer solutions.
They witnessed a demonstration of BoxBay, a container storage and handling system, toured a Jebel Ali Free Zone and visited a DP World Cruise Terminal.
Visitors to the five-storied DP World Flow pavilion, which has four main galleries, had an opportunity to explore the movement of commerce around the world that drives the global economy.
The pavilion's FlowLive event programme brought together leaders of governments and commerce to shape the future of world trade, while its education programme sought to inspire young people to join the logistics industry.