Leading global operator to invest 2 bln USD in development of the Russian sea ports

Source

APK-Inform

1514

The company DP World (the United Arab Emirates), one of the leading global port operators, plans to invest nearly 2 bln USD in development of the Russian port infrastructure. On January 21, in Davos the company signed the corresponding agreement with the state-owned Russian Direct Investment Fund (RDIF), informed the press-service of the RDIF.

The agreement provides that DP World invests the reporting funds in construction and upgrading of the port, transport and logistics facilities in different regions of Russia.

The signed document determines the major principles of foundation of the joint venture DP World Russia in which DP World will own an 80% shareholding with the remaining 20% held by RDIF.

As a reminder, in September 2015 DP World Chairman, Sultan Ahmed Bin Sulayem announced that the company is interested in investments to the regions of Vladivostok and St. Petersburg, the Black Sea ports and the port Taman.

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