DP World makes pact with Putin

DP World could be in line to invest more into Russia’s remote far eastern region after Sultan Ahmed bin Sulayem, Chairman of DP World met Russian president Vladimir Putin recently, where the president mandated the Deputy Prime Minister to remove investment obstacles in Russia and provide the appropriate investment facilities for DP World, according to The National.

The port and terminal operator has recently made a vow to manage ports in Iran in a bid to boost cargo flows in and around the Middle Eastern region.

Mr bin Sulayem said: “DP World has got the expertise and resources, which position us to be a key player in the execution of Russia’s development plans, particularly for its eastern region’s port and free zone industry.”

More at Port Technology