DP World and QINGDAO port group signed strategic framework agreement

Dubai, November 25, 2014 (STAT): : DP World and Qingdao Port Group have signed a Strategic Framework Agreement to enhance port cooperation. The agreement was signed by DP World Chairman, HE Sultan Ahmed bin Sulayem, and Qingdao Port Group Chairman, HE Zheng Minghua, during Mr Zheng’s recent visit to Jebel Ali, to further strengthen ties between their respective ports in Qingdao, China and Dubai.

DP World and Qingdao Port Group are already joint venture partners and the agreement builds on the existing collaboration between the two marine terminal operators, focusing on enhancing dialogue and collaboration between the Port of Qingdao and DP World’s ports in Dubai, namely Jebel Ali and Mina Rashid.

Under the framework agreement, both parties intend to study current liner services and trade volumes between their respective ports to explore how they can further stimulate business growth. They also agreed to initiate knowledge and experience sharing in the field of cruise terminal operation and management, and to discuss the feasibility of establishing cruise services between the Port of Qingdao and Mina Rashid. Additionally, the agreement included the intention to establish a new cohesive and systematic approach to information sharing on terminal operations, including port planning and development, management, productivity improvement, green port initiatives and staff training.