A research team of Dubai’s port operator DP World is to visit Georgia to look into the construction of a marine terminal, inland terminal, logistics park or an economic zone, the company said following a meeting between DP World’s Chairman and Prime Minister of Georgia recently held in Dubai.
The discussion between the Prime Minister Giorgi Kvirikashvili and DP World’s Chairman and CEO, HE Sultan Ahmed Bin Sulayem at the Annual Investment Meeting in Dubai revolved around the solutions for Georgia’s trade and logistics development plans.
The company said that a possible DP World’s project in Georgia would be similar to other projects being developed along the New Silk Way between China and Europe.
“Georgia presents a promising business environment where trade can play an ever greater role in developing the country’s manufacturing base, while encouraging growth of the state’s extensive logistics, distribution and warehousing potential. Georgia is also well placed to facilitate trade between Aktau port in Kazakhstan along the New Silk Way, providing access to the Black Sea,” Bin Sulayem says.
DP World operates a range of terminals in locations along the New Silk Way linking China to Europe, including three joint venture operations on mainland China at Tianjin, Yantai and Qingdao and another in Hong Kong. There are six more locations in India, supporting over 32% of India’s container trade and 14 in Europe.
Trade between Dubai and Georgia totalled AED 376 million in 2015, with imports of AED 25 million, exports of AED 35 million and re-exports of AED 315 million, according to DP World.