Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

DP World eyes terminal operations in Russia’s Far East

DP World eyes terminal operations in Russia’s Far East
DP World is considering a move into Eastern Russia after its top official met with Russian President Vladimir Putin recently.

President Putin asked the deputy prime minister Yuri Trutnev and transport minister Maxim Sokolov “to provide the Dubai-based port operator with investment facilities and remove any hurdles to its potential business operations in region,” according to English-language Abu Dhabi-based daily, The National newspaper.

In July the Russian parliament passed a legal framework giving 15 cities near Vladivostok’s capital Primorsky “free port” status, the newspaper said.

DP World chairman Sultan bin Sulayem has engaged in a series of high-profile trips this summer to Iran and Russia and invited the Indonesian President, Joko Widodo, to visit the company’s flagship facility at Jebel Ali in Dubai yesterday (Monday).

“DP World has got the expertise and resources, which position us to be a key player in the execution of Russia’s development plans, particularly for its eastern region’s port and free zone industry,” he was quoted as saying.

In 2012, DP World sold its 25% stake in 650,000 teu capacity Russian terminal operator Vostochnaya Stevedoring Company the local Global Ports Investment, saying it was a legacy investment with little management involvement, according to news reports published at the time.

According to its website, DP World is currently advertising vacancies in Russia.