DP World development at Kazakhstan

23 Apr 2013
Aktau Port is looking to become a hub for Eurasia Photo: Aktau Port

Aktau Port is looking to become a hub for Eurasia Photo: Aktau Port

DP World reportedly wants to invest billions of dirhams in the development of the economic free zone at Aktau Port in Kazakhstan.

A visiting Kazakh official told Zawya that DP World is looking to use its experience with Jebel Ali port and its free zone to help make the Khorgos-Eastern Gates and Aktau Port “the largest logistics centre of Eurasia.”

It says that just last week, a visiting Kazakh government delegation signed an agreement with DP World to cooperate in the management of Aktau Port and its planned new social economic zone.

Port Strategy approached DP World today for a comment on the issue. Michael Vertigans, communications consultant, DP World, said to PS: “We have had useful discussions but it is still very early days. No commitments have been made by any parties and we have not made any formal announcements.”

If the bid was to move ahead, the relationship would be mutually beneficial to both parties.

Kazakhstan is currently seeking investments from around the world in order to improve its infrastructure – the country is strategically located between China and Europe, which is something that DP World would be looking to take advantage of.

The operator is looking to invest in new markets and wants to increase its annual capacity to around 100m teu by 2020 – nearly double its capacity at present.

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