DP World, Chinese firm sign deal

Business Bureau, Gulf Today

Leading trade enabler, DP World, UAE Region and Zhejiang Zhidi Holding Ltd. (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 ecommerce 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.

Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO of Jafza said: “We are greatly honoured to sign this MoU with Zhidi Company. It brings together two of the most respected companies of the UAE and China to work towards the overall economic growth of both countries. With China being the top trade partner of Dubai and the UAE, we are happy to see the increasing interest from Chinese companies to invest in Dubai and strengthen their presence in Jebel Ali Free Zone (Jafza).

“Our understanding with this reputed Chinese company is integral to DP World’s strategy to support the vision of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to make Dubai a global hub for e-commerce. 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.”