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DP World eyes Panama’s logistics sector

DP World chairman and ceo Sultan bin Sulayem made a stop in Panama, during his Latin American tour, to visit Panama’s president Laurentino Cortizo and survey the logistics opportunities of the country.

Sultan bin Sulayem expressed his interest in investing in the region, in particular in the logistics sector where DP World has a great experience.

DP World operates Dubai’s Jebel Ali Port and Free Zone in the UAE, home to more than 7,500 companies, which together are responsible for around 35% of Dubai’s GDP and employ more than 135,000 people.

The DP World Chairman said that there are opportunities for developing regional trade and filling gaps in the logistics sector where DP World’s know-how would be valuable. “Panama has great potential,” said Sultan bin Sulayem.

Responding to the DP World chairman, President Cortizo described a number of projects in the surroundings of the Panama Canal which will take advantage of Panama’s location and connectivity and designed to give value-added to the goods transported through the waterway.

In the meeting with Sultan bin Sulayem, President Cortizo was accompanied by the Minister of Maritime affairs, Noriel Arauz, jose Rojas Pardini, Minister for Foreign Investments and Hugo Torrijos Dajer, presidential advisor for maritime affairs.

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