July 27, 2016: Global trade enabler DP World and the state run Taiwan International Ports Corporation (TIPC), have signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan.
Kaohsiung Port enjoys a key geographical location, is an excellent natural harbor and was once among the world’s top container ports.
Sultan Ahmed Bin Sulayem, chairman and CEO, DP World Group, said, “It is commendable how TIPC and the Taiwan government are committed to planning and steering the country’s economic growth, building a better future for generations to come.”
“Our strategy in developing in strategic locations where our customers want us to be, serving global trade and being able to handle the new generation of ultra large vessels shows how we are investing in the future, translating our vision into reality.
“Kaohsiung was once a fishing village as was Dubai and we have a common experience. Our flagship Jebel Ali Port, which is among the most technologically advanced and productive in the world, is testament to the power of visionary leadership and both the UAE and Taiwan are fortunate to have governments who anticipate change for the betterment of their people.
Rashid Abdulla, senior vice-president and managing director – Asia Pacific Region, DP World, said, “We are pleased to be working with TIPC on strengthening our ties, to grow our supply chains using modern infrastructure to unlock business potential and connect world markets. Our portfolio in Asia Pacific and the Indian Subcontinent alone spans 11 countries, with 26 operating terminals that offer our customers 35 million TEU capacity.
“Kaohsiung has the potential to benefit from our operational efficiencies in the region. It has enough container capacity to serve immediate growth in Taiwan but does not yet have the capability to attract new growth resulting from the Ultra Large Container Vessels added to line-haul services. This MoU marks the intention to tackle this challenge.”
The global trade enabler has developed into a ‘knowledge exporter’, replicating its successful free zone model that connects multi-modal transport systems into seamless trade routes, advising governments around the world on ‘smart trade’ measures for profitable growth and the need to support local businesses for international economic progress.
Photo: Anil Wats, Executive Vice-President and Chief Operating Officer, DP World at the signing of the MoU.