Preliminary agreements signed during Abu Dhabi Crown Prince’s state visit to Jakarta
Two preliminary agreements between DP World and Indonesia’s leading conglomerate Maspion Group were recently signed today to build a US$ 1.2bn container port and industrial logistics park in East Java.
The exchange of agreements was witnessed by HH Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces and Joko Widodo, President of Indonesia.
Also present at the signing ceremony were the Indonesian Minister of Transportation, Budi Karya Sumadi; Minister of State-Owned Enterprises Rini Soewarno and Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs & Free Zone Corporation.
US$ 1.2bn investment
Two term agreements aim to create a modern, integrated container terminal and industrial logistics park, expected to play a vital role as a trade gateway for Eastern Java. It includes cooperation in setting up Maspion International Container Port in Gresik, East Java, with an investment of US$ 1.2bn and 3mn TEUs of capacity using electric power in its operations to help cut carbon emissions.
An integrated 360 hectare industrial and logistics park could also provide a world class trade environment for Indonesian and international businesses to help drive economic growth and job creation.
“We believe this pact will further consolidate the excellent relations between the UAE, the Indonesian government and state-owned maritime services operator Pelindo 3 and take DP World’s presence in the country to a new level,” remarked Bin Sulayem.
”This collaboration is a major development for the two groups, and a new step in Maspion Group’s ongoing expansion,” commented Dr Alim Markus, President Director and CEO, Maspion Group.
