DP World, UAE Region to host Breakbulk Middle East 2020
DP World and China’s Zhidi Company ink agreement to unlock logistics potential The strategic MoU signed between the two companies will enable both entities to deliver and facilitate full-process logistics services.
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P World, UAE Region and Zhejiang Zhidi Holding (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai. The Memorandum of Understanding (MoU) signed between the two sides states that the intent is to create a platform for the Zhidi Company shareholders that will deliver efficient, full-process logistics services, positioning Dubai as a global e commerce hub. The MoU was signed by Abdulla Bin Damithan, Chief Commercial Officer, DP World, UAE Region, and Wuwei, Chairman of Zhidi Company, in the presence of Zhidi Company shareholders and senior officials from both sides. “We are greatly honoured to sign this MoU with Zhidi Company. For close to 50 years, DP World has served as a frontline economic growth engine of the UAE and as a global trade enabler. This MoU is another step towards cementing our relationship with China designed to build a better future for all,” commented Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO, JAFZA.
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Mutual cooperation “We hope to identify and determine the specific scope of the cooperation and contribute our knowledge, expertise and strength to the economies of Zhejiang province and Dubai,” stated Wu Wei, Chairman, Zhidi Company. The MoU will be executed in stages and once the initial base stages are completed, it will explore more possibilities for cooperation, including logistics business closely related to e-commerce.
Progressive province Zhidi Company is a conglomerate of well-known enterprises in China’s eastern coastal Zhejiang Province, with significant advantages in port operations, logistic services, e-commerce, renewable resources and commodity trade and have close business contacts and solid cooperation with Dubai. The shareholders of Zhidi Company are also main participants of the Belt and Road Initiative (BRI) Dubai Station, the giant global economic project in which the UAE is a key partner. Another expanse that will be promoted through this initiative is communication and exchange-related activities between Dubai and Zhejiang Province, enabling more bilateral investments and trade. n
DP World, UAE Region will once again embrace the role of the Host Port for the 5th edition of Breakbulk Middle East (BBME), the largest project cargo and breakbulk event in the GCC. DP World, UAE Region will occupy the post for the second consecutive year, effectively reinforcing BBME’s growing regional presence and its contributions to the country’s economy. The two-day conference and exhibition will be held under the patronage of HE Dr. Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of the Federal Transport Authority (FTA) for Land and Maritime. The event is set to take place from the 25th of February to the 26th of February 2020, at the Dubai World Trade Center in Dubai, UAE. As part of this strategic vision to build a diversified and sustainable UAE economy, leading maritime companies, both locally and internationally, play a critical role in achieving this objective. In this regard, DP World, UAE Region has successfully achieved tremendous progress by transferring its local expertise in managing ports and logistics to reach an international level. DP World, UAE Region works on developing the import and export cycle from raw material production centers to the arrival of goods to the end-user, given the rapid growth of trade and shipping business, specifically in the breakbulk sector. “Breakbulk Middle East’s rising trajectory over the last half-decade is indicative of the immense impact it will continue to have in the coming years,” observed Mohammed Al Muallem, CEO & Managing Director of DP World, UAE Region.
