DP World and Georgia discuss economic cooperation

DP World advising on seamless trade development; sending research team to Georgia DP World advising on seamless trade development; sending research team to Georgia
Industry Database

DP World Group chairman and CEO, Sultan Ahmed Bin Sulayem met with the Prime Minster of Georgia, Giorgi Kvirikashvili, at the Annual Investment Meeting in Dubai.

The meeting aimed to explore possible future opportunities for economic co-operation.

Ahmed Bin Sulayem, said: “Georgia presents a promising business environment where trade can play an ever greater role in developing the country’s manufacturing base, while encouraging growth of the state’s extensive logistics, distribution and warehousing potential.”

He added: “Georgia is also well placed to facilitate trade between Aktau port in Kazakhstan along the New Silk Way, providing access to the Black Sea.”

During the meeting diverse solutions for Georgia’s trade and logistics development plans were suggested that would be cost effective and up-to-date with the latest industry trends.

Both parties agreed that a DP World research team should visit the country to evaluate the potential for the possible construction of a marine terminal, inland terminal, logistics park or economic zone, similar to many other projects being developed along the New Silk Way between China and Europe.

“The country’s leadership is committed to its people, working to provide a stable, welcoming and predictable trade environment for investors which is key,” continued Ahmed Bin Sulayem.

He concluded: “Dubai is an example of that where our remarkable growth story stems from the UAE’s visionary leadership who embarked on an incredible journey. We are honoured to be able to share this insight and expertise with countries like Georgia.”

Trade between Dubai and Georgia totalled AED 376m in 2015, with imports of AED 25m, exports of AED 35m and re-exports of AED 315m.

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