PT INA DP World Investment DP World (INA DP World), a consortium established by DP World, a UAE-based world leader in global supply chain solutions, and Indonesia Investment Authority (INA), and PT Pelabuhan Indonesia (Persero) also known as Pelindo, through its subsidiaries PT Prima Terminal Petikemas (Prima TPK), have signed a Shareholders Agreement (SHA) to strengthen Indonesia’s seaport infrastructure.
The agreement is a continuation of the previous agreement signed by both entities (Master Agreement) in August 2022, which aimed to manage Belawan New Container Terminal (BNCT). This co-investment marks a significant milestone for Indonesia’s seaport infrastructure to accelerate the country’s economic growth through targeted capital investment and strategic expertise.
Belawan New Container Terminal’s strategic location at the Malacca Strait, one of the busiest and most important international shipping routes connecting Asia with the Middle East, Europe, and Africa, supported by its strong connectivity to surrounding hinterland areas, presents a unique opportunity to become a significant logistic and maritime hub.
With a focus on optimizing supply chain networks, the investment in Belawan New Container Terminal is poised to unlock the full potential of this critical infrastructure asset. As a result, the terminal is set to play an increasingly important role in driving economic growth in Indonesia, particularly in the thriving Northern Sumatra region, and positioning the country as a key player in the global logistics industry.
Sultan bin Sulayem Group Chairman & CEO – DP World
“We are proud to help Indonesia expand the Belawan New Container Terminal and support its ambitions to develop the economy of Sumatra through infrastructure. By investing in cutting-edge sustainable technologies, world-class training and the highest standards of health and safety, we aim to eliminate inefficiency and enable the flow of trade between Indonesia and the world.”
The realization of this collaboration has been made possible through a strategic and synergistic partnership with DP World, a world leader in global supply chain solutions with extensive experience in investing and operating terminals worldwide. Supported by the Coordinating Ministry for Maritime & Investment Affairs, the Ministry of Finance, and the Ministry of State-owned Enterprises, this partnership endeavors to advance national competitiveness by reducing logistics costs and improving the operation of ports.
Present to witness the signing of the Shareholders Agreement was Minister of State-Owned Enterprises, Mr. Erick Thohir. The agreement was signed by the President Director of PT Pelabuhan Indonesia (Persero), Mr. Arif Suhartono, Group Chairman and CEO of DP World, Mr. Sultan Ahmed Bin Sulayem, and Mr. Ridha Wirakusumah, CEO of Indonesia Investment Authority.
“Today’s Shareholder Agreement is a significant milestone and follows the signing of the Master Agreement on 24 August 2022. This has been a long and complex process, but I’m delighted that the agreement is now a reality thanks to the hard work and collaboration of all parties. I am optimistic that this agreement will be a catalyst for the further development of the BNCT as a world-class, connected, and fully integrated container terminal that is the foundation for increased trade and a brighter future for our exporters, downstream industries, and people,” stated Mr. Suhartono.
“INA’s investment in the Belawan New Container Terminal serves as a crucial step towards positioning Indonesia as a prominent maritime axis and a key player in the global logistics industry. This transformational project supports Indonesia’s economic growth and advances its maritime sector, becoming an important role in driving economic growth in Indonesia,” stressed Mr. Wirakusumah, CEO of INA.
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