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DP World and CDPQ Sign Long-Term Port and Logistics Park Agreement With Maspion Group in Indonesia

/CNW Telbec/ - DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global. ....

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DPW and CDPQ sign Maspion agreement

DPW and CDPQ sign Maspion agreement
DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today 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 USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.
The signing ceremony was held in the presence of the Coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia, Mr. Luhut Binsar Pandjaitan, and the United Arab Emirates’ Minister of Energy and Infrastructure, H.E. Suhail Al Mazrouei, in Jakarta at the Indonesia-Emirates Amazing Week 2021 Building Path Towards Economic Recovery business forum. The signatories of the formal agreements are Sultan Ahmed Bin Sulayem, ....

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DP World in pact to build $1.2b container port and logistics park in Indonesia

DP World and CDPQ sign long-term port and logistics park agreement with Maspion Group ....

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DP World and partner CDPQ to build port in Indonesia's Gresik - News

Strategic partnership between DP World and CDPQ’s joint platform and Maspion Group for a $1.2 billion container port and industrial logistics park. ....

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DP World to set up $1.2bn port, logistics park in Indonesia

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. ....

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