DP World has signed multiple Memorandums of Understanding (MoUs) worth approx. $3 billion with the Government of Gujarat, covering the development of new ports, terminals, and economic zones.
The MoUs highlight Gujarat’s excellence as a role model of development and the growth engine of the nation while leveraging its logistics and maritime infrastructure.
Further, the agreements underscore DP World’s commitment to facilitating trade in Gujarat by developing its ports, terminals, and economic zones.
Sultan Ahmed bin Sulayem Group Chairman & CEO DP World
“We are very committed to India, where we have been operating for nearly 20 years. In that time, we invested almost $2.5 billion and we are going to invest more in the next 3 years in these projects. The policies of the government and our experience here are what give us the confidence to do even more in India. We have also been present in Gujarat since 2003 and are proud to have been part of the state’s growth story. We are honored to continue our partnership in the state by committing to strengthening its logistics and maritime infrastructure to further enable trade in Gujarat.”
DP World has also signed an MoU with the Gujarat Maritime Board to jointly identify opportunities to develop additional ports along the coast of Gujarat.
DP World’s existing investments in Gujarat include a container terminal in Mundra, along with rail-connected private freight terminals at Ahmedabad and Hazira. This is complemented by cold storage facilities in Surat and Bharuch, freight forwarding offices in Ahmedabad and Gandhidham, and express cargo services across the state.
Last year, DP World signed a $510 million concession agreement with the Deendayal Port Authority to develop, operate, and maintain a new 2.19 million TEU per year mega-container terminal at Tuna-Tekra in Kandla.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
