Dubai - United Arab Emirates’s DP World has announced it has signed two preliminary agreements with Indonesia’s leading conglomerate Maspion Group to create a 1.2 billion dollars container port and industrial logistics park in East Java, Indonesia.
The agreements aim to create a modern, integrated container terminal and industrial logistics park, expected to play a vital role as a trade gateway for Eastern Java. The project is expected to break ground later this year and commercial operations are being planned for the first half of 2022. The vision is to support East Java’s infrastructure and to accelerate economic growth.
“This partnership will be a major addition to our global portfolio and a new step in our ongoing expansion. It will also enhance our continuing commitment to Indonesia, one of the most important world economies,” said Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs & Free Zone Corporation.