Dubai-based largest port operator, DP World has signed a framework agreement with Uzbekistan in order to expand its presence in the country, boosting global trade flow and supporting the development of digital infrastructure.
According to the statement, the agreement covers a wide range of cooperation sectors, all of which will help to strengthen Uzbekistan’s trade networks and establish DP World as a strategic partner in boosting international trade.
“The agreements include the establishment of a new inland logistics network, supporting the expansion of the Navoi Free Economic Zone (FEZ), and the cargo terminal at Navoi International Airport, launching new consumer e-commerce and fintech platforms in the country and streamlining customs operations,” the company said.
DP World will also deploy CARGOES’ advanced Port Community System to offer stakeholders in trade and logistics with seamless, paperless access to services including dry ports, logistics parks, ICDs, railway stations, and depots.
Sultan bin Sulayem Chairman & CEO DP World Group
“DP World is committed to being a strategic partner for Uzbekistan enabling trade. Our agreements signed today will help design and shape a world-class trading ecosystem in the country. The Uzbekistan economy continues to grow at a strong pace, making it an attractive destination for long-term investments. We look forward to working with the Ministry of Investments and Foreign Trade to promote economic growth and prosperity for the people of Uzbekistan, leveraging our capabilities across trading, logistics, infrastructure, and digital technology.”
Mr. Sardor Umurzakov, Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan said, “Uzbekistan is keen to cooperate with DP World on facilitating the development of logistics sector of the country through the implementation of a portfolio of projects in key regions of the country.”
“DP World is a world-class ports and free zones operator. Combination of DP World’s experience and capacity with Uzbekistan’s unique geographical location and favorable business environment will boost regional trade and contribute to further improvement of regional connectivity,” noted Mr. Umurzakov.
As part of the agreement, DP World will establish a state-of-the-art, rail-linked, and road-linked, inland logistics network offering customers efficient solutions across all major distribution and consumption centers in and around Tashkent.
Further, the company will develop a 100-hectare road-and-rail-connected greenfield site in Uzbekistan’s recently established Special Economic Zones.
“The agreement will see DP World becoming a strategic partner for the growing Navoi FEZ and the connectivity of the Navoi air cargo terminal linking it to major international hubs, leveraging the company’s expertise in developing, owning, and operating the Jebel Ali Free Zone (JAFZA), the world’s largest free zone, in Dubai,” the company added.
