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Wednesday, July 24, 2019

Trade Infrastructure News

Photo: Government of Dubai Media Office

DP World to Develop Egypt Port Terminal

A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will bid for the government contract for the project later this year. The proposed ICD will increase the flow of cargo between ships and major land transportation networks in the country, creating a central distribution point.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with Panamanian President Juan Carlos Varela during their meeting in Dubai yesterday. Photo DP World

DP World, Panama to Strengthen Ties

Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai yesterday between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan Carlos Varela. As part of his visit, Mr. Varela was taken on a tour of DP World’s flagship Jebel Ali Port and Free Zone, including Terminal 3, which is among the world’s most productive and technologically advanced…

Photo:  DP World

DP World Moves Ahead with Suez Canal Industrial Zone

Dubai-based ports operator DP World has inked an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to launch the first phase of an integrated industrial and residential zone in Sokhna. The framework agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).

Maersk Group CEO, Nils S. Andersen. Photo: Maersk

Maersk to Boost Investments in Ghana

Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country. Accroding to local media report, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is interested in playing an active role in Ghana’s growth through investments in trade, infrastructure and energy. “Together with our partners, we have committed $1.5billion to the expansion of the port in Tema which would create probably the largest and most modern terminal in sub Saharan Africa.

Lu Wei, minister of the Cyberspace Administration of China speaks at the China-ASEAN Information Harbor Forum. Photo: Chinese Government

China Rolls Out International Undersea Cable with ASEAN, Plans Information Harbor

China is building its first international undersea cable that will carry information and data flow between the country and the ASEAN nations, says Xinhuanet. Its also setting up Information Harbor for the 21st Century Maritime Silk Road. The government run China Unicom, one of the main telecommunications providers in the country, is cooperating with Myanmar's telecommunications operators to build the underwater cable, said Jiang Zhengxin, vice general manager of China United Telecommunications Corp, parent of China Unicom.

MOL President Koichi Muto making a speech

MOL President Muto Visits Myanmar

Mitsui O.S.K. Lines, Ltd. (MOL) president Koichi Muto hosted an appreciation cocktail party for government leaders, customers, partners and MOL employees on March 5 at Park Royal Hotel, Yangon. It was well attended by 110 guests including Ichiro Maruyama, Minister-Counsellor/Deputy Chief of Mission, Embassy of Japan, reaffirming MOL’s expansion plan in the containership business in Myanmar and its commitment in furthering the country’s economic development. "It is my honor to visit Myanmar and I am deeply grateful to the Myanmar government…