DP World signs deal to develop logistics in UkraineStaff Writer | October 19, 2016
DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country.
Expansion The tug and pilot boat services
At the meetings, Bin Sulayem also delivered a letter of intent from DP World for its P&O Maritime subsidiary to develop the tug and pilot boat services of Odessa port on the Black Sea.
President Poroshenko underlined Ukraine’s encouragement of foreign investment and welcomed the agreement between the Ministry of Infrastructure and DP World.
Bin Sulayem said Ukraine’s geographic location on the Black Sea and potential for investment supported by favourable foreign and domestic policies provide a promising environment for the growth of the logistics sector.
He added that DP World’s Constanta Terminal in Romania, a state-of-the-art facility with excellent deep-draft access, also enjoys a strategic geographic location in the Black Sea and the MOU reinforces DP World’s commitment to develop world class logistics facilities in the region.
Prime Minister Groysman said that foreign investment was a top priority for the government especially in sectors such as power, agriculture, infrastructure and IT and emphasised the suitable business environment of the country. ■