DP World plans to set up new logistics hub in Ethiopia

Monday, 2 July 2018 00:00 - - {{hitsCtrl.values.hits}}

DP World is planning to set up a logistics facility in Ethiopia to facilitate transport of goods to landlocked countries in Africa, said its top official.

DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation Sultan bin Sulayem was speaking during an open dialogue with trade and business groups in Dubai.

“We have signed a number of agreements with Ethiopia that will promote our friendly relationships with them. Business groups in Dubai can always benefit from DP World’s presence in different countries including Rwanda and Egypt where re-exporting opportunities are abundant,” noted Bin Sulayem.

“The world is witnessing rapid changes and developments in trade. There is now more focus on fair trade on the agenda and external policy of countries like the US, which means protective measures will be taken to curb the flow of goods from the European Union and China into the American market,” he stated. Bin Sulayem pointed out that there were international efforts to reach for a fair and balanced trade, and “these developments and changes have put us face to face with new challenges, but we have learnt from our wise leadership that challenges can be turned into opportunities.’’ ‘’We carefully study developments in international trade to always find alternative markets, and this can be sustained through enhancing our strategic partnerships,” he added.