Dubai DP World reiterates $1 billion investment in Bangladesh

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The company made the announcement when a high-level delegation from Bangladesh government visited Dubai from November 21-23

Logistics company DP World, located in Dubai, will spend $1 billion in Bangladesh’s supply chain infrastructure, including ports, rail networks, and inland container terminals.

This is within the scope of the government-to-government agreement entered into in 2019 for public-private participation on infrastructure projects, said a press release on Tuesday.

The company made the announcement when a high-level delegation from the Bangladesh government, led by the Shipping Minister Khalid Mahmud Chowdhury, visited the DP World Pavilion at the Expo 2020 Dubai from November 21-23.
During the tour, they also visited the Jebel Ali Free Zone and the Jebel Ali Port in Dubai, the press release added.

The visit represented a key step in reinforcing DP World’s commitment to partner with the government of Bangladesh in enhancing its supply chain infrastructure and processes.

The delegation team included Ms Sultana Afroz, secretary and chief executive officer for Public-Private Partnership Authority-Prime Minister’s Office, Mohammed Mezbah Uddin Chowdhury, secretary of Ministry of Shipping, and Rear Admiral M Shahjahan, chairman of Chittagong Port Authority, along with other senior government officials

Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, Mohammed Al Muallem, executive vice president of Office of the Chairman DP World, and Rizwan Soomar, CEO and managing director of DP World Subcontinent, met with the delegates.
DP World officials gave delegates a tour of the DP World Flow Pavilion, which demonstrates how trade shapes the world today and in the future.

The delegates were also briefed on DP World’s range of products and services, which covers every link of the integrated supply chain from maritime and inland terminals to marine services and industrial parks, as well as technology-driven customer solutions.

The team witnessed a demonstration of BoxBay, the new intelligent High Bay Storage (HBS) system.

Visitors to the five-floor DP World Flow pavilion, which has four main galleries, had an opportunity to explore the movement of commerce around the world that drives the global economy.

The pavilion’s FlowLive event program brings together leaders of governments and commerce to shape the future of world trade, while its education program seeks to inspire young people to join the logistics industry.

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