UAE - Mubasher: DP World has inked a $7.5 billion strategic alliance agreement with the Indonesia Investment Authority (INA) to develop Indonesia’s maritime and port sector.
Under the partnership, DP World will enhance the operation of Indonesia's ports, decrease logistics costs, promote inter-island and international connectivity, raise shipping efficiency by depending on technology, according to a recent press release.
In addition, DP World and INA will create a consortium to explore investments into Indonesia's logistics infrastructure, including hinterland investments, inland terminals, and industrial zones, and collaboration with the Indonesia Port Corporations (Pelindo).
INA’s CEO, Ridha Wirakusumah, commented: "Following INA’s rigorous partner selection process, we are confident that DP World can work well with us to create a strong domestic shipping networkand add value to investors, businesses and employees."
Meanwhile, DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: "DP World recognises the vast potential of Indonesia as one of the fastest-growing economies in the world, as well as projects undertaken by the government to improve port facilities."
