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DP World to Build Port, Logistics Park in Indonesia

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DP World, CDPQ sign $1.2 billion deal to build port, park in Indonesia

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. ....

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