DP World to explore opportunities in Taiwan
DP World and Taiwan International Ports Corporation (TIPC) have signed a Memorandum of Understanding to explore growth opportunities in Kaohsiung Port’s Terminal 7 in Taiwan.
The agreement marks the beginning of a joint effort to seek future business opportunities and steer growth in Taiwan’s port infrastructure, while enhancing the country’s trade potential by establishing seamless cargo movement across its supply chain.
DP World group chairman and chief executive Sultan Ahmed Bin Sulayem said: “It is commendable how TIPC and the Taiwan government are committed to planning and steering the country’s economic growth, building a better future for generations to come.
“Our strategy in developing in strategic locations where our customers want us to be, serving global trade and being able to handle the new generation of ultra large vessels shows how we are investing in the future, translating our vision into reality.”
Rashid Abdulla, senior vice president and managing director for DP World, Asia Pacific region, added: “Kaohsiung has the potential to benefit from our operational efficiencies in the region. It has enough container capacity to serve immediate growth in Taiwan but does not yet have the capability to attract new growth resulting from the Ultra Large Container Vessels added to line-haul services. This MoU marks the intention to tackle this challenge.”
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