Friday, November 3, 2017

Ukrainian President and UAE Port and Logistics Group Chairman Discuss Maritime Collaboration

President Poroshenko Tours Jebel Ali Port and Free Zone
Shipping News Feature
DUBAI – UKRAINE – The President of Ukraine Petro Poroshenko toured DP World's flagship Jebel Ali Port and Free Zone recently and met with the global trade enabler's Group Chairman and CEO Sultan Ahmed Bin Sulayem, as part of his official visit to the UAE to discuss bilateral cooperation in politics, security and foreign investment. Discussions focused on ways to grow Ukraine's maritime and logistics sector with the possibility of DP World participating in the concession of the State Port Yuzhny, and collaboration on technology-driven customs operations in Ukraine and other opportunities.

This meeting follows last year’s signing of a Memorandum of Understanding (MoU) between DP World and the government of Ukraine to partner on matters of mutual interest. The Ukraine government has been very actively developing its maritime connections and after that signing with DP a further MoU was authorised in December 2016 for the development of Chornomorsk Port on the Black Sea with one of DP World’s competitors, Hutchison Ports. At the recent meeting in Dubai DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said:

“We’re pleased to welcome President Petro Poroshenko to Jebel Ali, where DP World’s rise as a global trade enabler began. Jebel Ali prospered because of its geographic location as a gateway to the region and we see this hub potential in the port cluster on Ukraine’s Black Sea coast too. Ukraine has a promising logistics sector and with the right environment for economic development that’s supported by favorable foreign and domestic policies, it can grow substantially.

“DP World will focus on upgrading existing ports with innovative tech-based and smart solutions, developing local talent, sharing international best practice and investing in the growth of small and new trade enabling services to create seamless trade flows. Efficient infrastructure and services along multi-modal transport links are essential to profitable trade growth. We look forward to building on our excellent relations with the government of Ukraine and to support their goals for economic growth.”

The matchmaking between DP and Ukraine would boost DP World’s already strong presence in the Black Sea region, with its Constanta Terminal in Romania. Ukraine-UAE economic cooperation has been strengthening in recent years, with Ukrainian exports to the UAE increasing by almost 60% during the first five months of 2017. Trade between Dubai and Ukraine amounted to more than AED 1 billion ($270 million) in 2016, and current trade figures indicate that this figure will be exceeded this year.

Photo: DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with President of Ukraine Petro Poroshenko during their meeting at DP World’s Jebel Ali Port and Free Zone in Dubai recently.