DP World to set up $1.2bn port, logistics park in Indonesia
DUBAI, March 6, 2021 DP World, the leading provider of smart supply chain logistics, said it has joined hands with Caisse de dépôt et placement du Québec (CDPQ) and Indonesia s leading conglomerate Maspion Group to set up an international container port and industrial logistics park at Gresik region of East Java. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to $1.2 billion, thus enhancing East Java s position as a key trade gateway for Indonesia. As per the agreement, DP World will set up a joint venture company along with CDPQ s global investment platform and Maspion Group - a first of its kind in the Indonesian transportation sector involving a foreign direct investor (FDI) partner and a private sector Indonesian company - for the project.
Strategic partnership between DP World and CDPQ's joint platform and Maspion Group for a $1.2 billion container port and industrial logistics park in East Java
DP World, CDPQ sign $1.2 billion deal to build port, park in Indonesia
06 Mar 2021 Sultan Ahmed Bin Sulayem and Dr Alim Markus sign the agreement in the presence of Suhail Al Mazrouei and Luhut Binsar Pandjaitan in Jakarta. WAM DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de depot et placement du Quebec (CDPQ), a global investment group, signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik.
Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to $1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.
A strategic partnership between DP World and CDPQ's joint platform and Maspion Group for a US$1.2 billion container port and industrial logistics park .
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