The strategic MoU signed between the two companies will enable both entities to deliver and facilitate full-process logistics services
DP World, UAE Region and Zhejiang Zhidi Holding (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai.
The Memorandum of Understanding (MoU) signed between the two sides states that the intent is to create a platform for the Zhidi Company shareholders that will deliver efficient, full-process logistics services, positioning Dubai as a global e‑commerce hub.
The MoU was signed by Abdulla Bin Damithan, Chief Commercial Officer, DP World, UAE Region, and Wuwei, Chairman of Zhidi Company, in the presence of Zhidi Company shareholders and senior officials from both sides.
“We are greatly honoured to sign this MoU with Zhidi Company. For close to 50 years, DP World has served as a frontline economic growth engine of the UAE and as a global trade enabler. This MoU is another step towards cementing our relationship with China designed to build a better future for all,” commented Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO, JAFZA.
Mutual cooperation
“We hope to identify and determine the specific scope of the cooperation and contribute our knowledge, expertise and strength to the economies of Zhejiang province and Dubai,” stated Wu Wei, Chairman, Zhidi Company.
The MoU will be executed in stages and once the initial base stages are completed, it will explore more possibilities for cooperation, including logistics business closely related to e-commerce.
Progressive province
Zhidi Company is a conglomerate of well-known enterprises in China’s eastern coastal Zhejiang Province, with significant advantages in port operations, logistic services, e-commerce, renewable resources and commodity trade and have close business contacts and solid cooperation with Dubai.
The shareholders of Zhidi Company are also main participants of the Belt and Road Initiative (BRI) Dubai Station, the giant global economic project in which the UAE is a key partner.
Another expanse that will be promoted through this initiative is communication and exchange-related activities between Dubai and Zhejiang Province, enabling more bilateral investments and trade.
