How is DP World Bolstering Trade and Logistics connectivity in Southeast Asia?

DP World is making significant strides to bolster trade and logistics connectivity throughout Southeast Asia through strategic investments aimed at expanding its footprint and optimizing supply chain management across the region.

During a recent tour of the area, the group’s chairman and CEO, His Excellency Sultan Ahmed bin Sulayem, penned down a significant partnership agreement in Malaysia and unveiled two new facilities in the Philippines.

In Malaysia, DP World inked a groundbreaking agreement with Sabah Ports, a subsidiary of Malaysia’s Suria Capital Holding Bhd, to co-manage the Sapangar Bay Container Port in Sabah. This collaboration is poised to double the port’s handling capacity, positioning the state as a crucial trade nexus within the East ASEAN Growth Area.

Meanwhile, in the Philippines, a major upgrade at the Batangas Passenger Terminal was inaugurated by the chairman, which effectively doubled the capacity to 8 million passengers a year. Situated just 110 km from Manila, the terminal stands as the largest inter-island hub in the country, facilitating enhanced connectivity between mainland Luzon and the surrounding island provinces. The modernization endeavor was graced by the presence of His Excellency Ferdinand R. Marcos Jr., President of the Republic of the Philippines.

Further reinforcing its commitment to seamless trade flow, DP World unveiled the Tanza Barge Terminal in Cavite, offering a direct sea link to Manila and streamlining the transportation of goods to and from the capital. With a projected capacity to handle up to 240,000 TEUs annually, the terminal is anticipated to eliminate approximately 150,000 truck trips per year, thus optimizing logistics efficiency and reducing congestion on roadways.

“The Asia-Pacific region is a cornerstone of our global growth strategy. As the world’s largest and fastest-growing market for outsourced logistics, we see immense potential here. We are committed to driving regional growth through partnerships and investments that improve trade connectivity for local businesses and communities,” said H.E. Sultan Ahmed bin Sulayem.

In 2021, DP World established Singapore as its Asia Pacific headquarters and has ever since been actively expanding its footprint across the region. At present, DP World operates 19 ports and terminals in Australia, China, Indonesia, Malaysia, the Philippines, South Korea, Thailand, and Vietnam.

“We see significant potential in Southeast Asia as a growing hub for global trade, driven by strong economic growth and intra-regional trade. And investments in the region will continue as companies explore ways to build resilience into their supply chains through diversification,” said the chairman.

“The opportunities for growth in APAC are vast and multifaceted. From the burgeoning logistics market in Greater China to the export-driven economies of Southeast Asia and the mature markets of North Asia, we are strategically enhancing our end-to-end capabilities across various sectors. Our goal is to create seamless and efficient trade and supply chains throughout the entire region,” he added.

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS