DP World and Maspion Group sign preliminary agreements

Times India Today | : Jul 24,2019 09:49 PM IST

Wednesday, July 24, 2019



Two preliminary agreements between global trade enabler DP World and Indonesia’s leading conglomerate Maspion Group were signed today to create a US$ 1.2 billion container port and industrial logistics park in East Java.



The exchange of agreements was witnessed by HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces, and Joko Widodo, President of Indonesia. Also present at the signing ceremony were the Indonesian Minister of Transportation, Budi Karya Sumadi, and Minister of State-Owned Enterprises (BUMN) Mrs. Rini Soewarno. It is the first joint venture of its kind in the Indonesian transportation sector involving a private sector partnership between an FDI partner and a private sector Indonesian company in Maspion, within the context of co-operation in maritime services with the state-owned maritime services operator Pelindo III.  



Two term sheet agreements

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