DP World Signs MOU With Summa Group In Russia
Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation. According to the MOU, the parties have decided to enter into preliminary discussions to consider the potential of a relationship between them to develop investment opportunities in ports, special economic zones and inland logistics facilities in the far east of the Russian Federation, including in the ports of Vladivostok and Zarubino.
DP World to Develop Russian Ports
Dubai-based port operator DP World and the Russian Direct Investment Fund have launched a joint venture to develop ports, transportation and logistics infrastructure in Russia. Signed on the sidelines of the World Economic Forum in Davos, Switzerland, the deal will give DP World an 80 percent stake in the new company, while the Russian government-backed fund will hold the remainder, news agency WAM reported. The company will be called DP World Russia and over time could invest $2 billion to upgrade port infrastructure in different parts of Russia. “Russia has always been an attractive market with great prospects for long-term development.
DP World to invest in Russian Ports, Infrastructure
Dubai ports operator DP World and the Russian Direct Investment Fund (RDIF) have launched a new joint venture aiming to invest in ports, transportation and logistics infrastructure in Russia, they said in a statement on Thursday. Under the name DP World Russia, the new company will focus on marine, dry ports and logistics infrastructure with potential total investments of $2 billion. Reporting by Oksana Kobzeva
