A subsidiary of Emirati state-owned company to invest in Odessa Port

A subsidiary of Emirati state-owned company to invest in Odessa Port

In the first place, the state-run P&O Maritime from the UAE intends to invest in a towing vessel fleet of Odessa Commercial Sea Port

The chairman of the board of the ultimate parent company DP World, Sultan Ahmed Bin Sulayem revealed comprehensive plans to deepen cooperation with Ukraine, which implies investments in the fleet of Odessa port to become a pilot project.

In addition, the head of DP World proposed to send experts who can provide technical support in the framing of a single Law of Concessions. The drafting of which is carried by expert groups from State Property Fund of Ukraine together with the Ministry of Economic Development and the Ministry of Infrastructure.

Sultan Ahmed Bin Sulayem announced his plans to make a working visit to Ukraine on October 13. He is mulling over to discuss prospects for further cooperation between the countries in the port related services.

DP World operates in 77 marine and inland terminals which activities are supported by more than 50 of the related companies in 40 countries. To note, the services of transshipment of containers make the major source of income (3/4) for the Emirati state-run company.

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