Mr. Sorin Mihai Grindeanu and Mr. Abdulla bin Damithan during signing ceremony.
Globally renowned multinational logistics company, DP World and Dubai’s Ports, Customs, and Free Zone Corporation (PCFC) have signed an agreement with the Romanian government to develop new infrastructure at the Port of Constanta.
The agreement with the Dubai entities will help modernize and turn the Port of Constanta into one of the Black Sea’s most important cargo and vehicle hubs.
The agreement was signed by Mr. Sorin Mihai Grindeanu, Romania’s Minister of Transport and Infrastructure, and Mr. Abdulla bin Damithan, CEO and Managing Director, DP World UAE, and Vice-Chairman of PCFC’s Board of Directors.
Romania’s Ministry of Transport and Infrastructure intends to develop a new roll-on/roll-off (RO-RO) terminal to boost cargo vessel traffic at the Port of Constanta, which has become a key gateway for trade into Eastern Europe.
According to the statement, “This will require significant investment and improved procedures to speed up the transit of RO-RO units through the port.”
Sultan bin Sulayem Group Chairman & CEO – DP World Chairman – PCFC
“A few weeks ago, we celebrated DP World Constanta’s 18th year of operations. We are proud of the confidence that the government of Romania continues to show in us. We look forward to delivering a world-class, integrated supply chain solution that will enhance Constanta Port and Romania’s status in the region. This agreement is a testimony to the strength of the relationships we build with our partners around the globe.”
Under the agreement, PCFC will work with DP World, a leading provider of global end-to-end supply chain logistics solutions, to modernize and develop the infrastructure on Pier II-S at the port.
DP World will implement the project and provide the necessary investments in physical and electronic assets to help turn Constanta into a strategic center for imports into Europe.
“This includes a new state-of-the-art X-ray scanner at the RO-RO terminal, significantly reducing the time needed for physical inspections and boosting its operational efficiency,” as per the statement.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK
Subscribed
Welcome to GCC Business News Subscriber's Club
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
