DP World Eyes Taiwan Port
Global marine container terminal operator DP World will help to expand the development of Kaohsiung Port’s Terminal 7, which is owned by the state run Taiwan International Ports Corporation (TIPC), in an effort to increase its Asian portfolio.
The Dubai ports operator signed a memorandum of understanding with TIPC to develop the terminal. Financial terms were not disclosed.
As the first global operator entering the Taiwan market, DP World will bring to the table its international expertise and experience of over four decades spanning a portfolio of 77 inland and marine terminals and handling more than 170,000 TEU a day.
Kaohsiung Port enjoys a key geographical location, is an excellent natural harbor and was once among the world’s top container ports.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, said: “We look forward to bringing our expertise and experience to the development of Taiwan’s economy. 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."
DP World Asia Pacific Region Senior Vice-President and Managing Director Rashid Abdulla 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."
Government-backed DP World runs the Middle East's busiest port in Dubai and has expanded rapidly around the world. One of the world's biggest port companies, it has operations in 40 countries across six continents.
