DP World and Kazakhstan to build Port Community System for Eurasian Transcontinental Trade Corridor
<p style="text-align: justify;">Jun 16, 2017: Global trade enabler DP World has signed two Memorandums of Understanding (MoU’s) with the Kazakhstan government for the development of a Port Community System (PCS) and to integrate customs processes ahead of the Astana Economic Forum.</p> <p style="text-align: justify;">PCS is a one stop electronic platform developed by <a title="DP World" […]
Jun 16, 2017: Global trade enabler DP World has signed two Memorandums of Understanding (MoU’s) with the Kazakhstan government for the development of a Port Community System (PCS) and to integrate customs processes ahead of the Astana Economic Forum.
PCS is a one stop electronic platform developed by DP World company Dubai Trade, that enables the exchange of information between organisations involved in maritime, inland and airport processes. The aim is to improve ease of doing business in Kazakhstan’s ports and freezones through paperless transactions that remove long queues in administrative offices, delays and duplication.
The first agreement was signed between DP World and the National Company "Kazakhstan Temir Zholy” (KTZ) for the establishment of a joint venture company to implement and manage the PCS system with the aim of creating a multimodal transport corridor (the Eurasian Transcontinental Corridor), featuring automated logistics processes for cargo delivery and the unification of logistics centres, sea and dry ports into a single transport and logistics network.
The second MoU was signed between DP World, KTZ and the Committee of State Revenues of the Ministry of Finance of the Republic of Kazakhstan (Customs) to ensure the integration of customs processes into the online portal. Kazakhstan’s potential as a key transit corridor for China’s One Belt, One Road initiative can be realised by focusing on soft and hard infrastructure development that supports multimodal transport links, according to DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem.
Speaking at the Astana Economic Forum recently, Bin Sulayem focused on the New Silk Road, he said that multimodal connectivity is key to realising the Kazakhstan President’s ‘path to the future’ vision, which includes the ‘Nurly Zhol’ – a $9 billion infrastructure spending programme – to help prepare a future-ready economy.
Sultan Ahmed bin Sulayem, said, “Our experience in Dubai and in the 40 countries where we operate globally has taught us that integrating services makes trade faster, safer and more efficient for our stakeholders attracting investment and helping business. That’s why these announcements today are important for Kazakhstan, providing smart trade solutions for the country and to increase efficiencies for business.
“We have experience of delivering this at our flagship operation in Jebel Ali, where the Dubai Logistics Corridor connects road, rail, air and sea transport providing seamless cargo movement through the Dubai Trade Portal with more than 50,000 transactions conducted each day.
“Kazakhstan has tremendous potential and its leadership is working hard for its people – putting in place the right policies and procedures. It is at the crossroads of Asia and although landlocked President Nazarbayev’s commitment to improve internal and external connectivity to avoid the ‘transportation trap’ will propel growth.”
Earlier this year, DP World also announced its involvement in the development of a Special Economic Zone (SEZ) in Aktau to boost trade and logistics in the country. It builds on DP World’s management advisory services contract with the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea. The company also provides advisory services under a separate contract with Kazakhstan Temir Zholy (KTZ), Kazakhstan’s natio