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Wednesday, October 4, 2023

UAE-based DP World signs deal with China Seaport


On May 12, UAE state-owned Dubai port operator DP World signed an agreement with Chinese seaports Ningbo-Zhoushan and Zhejiang to strengthen cooperation in logistics and car chain services.

The Ningbo-Zhoushan Seaport Authority revealed that the agreement will facilitate the development of China’s famous investment project, the Belt and Road Initiative. The BRI is an integral part of Beijing’s foreign policy under the Chinese Communist Party (CCP), which aims to connect 150 countries, including 75% of the world’s population, via rail and road transit routes.

according to Maritime Shipping informationone of the main goals of Ningbo-Zhoushan Port is to improve logistics channel services between China, West Asia and North Africa to enhance trade, logistics and cross-border e-commerce companies.

DP world is responsible for the largest shipment port in West Asia, called Jebel Ali. The port, located in the United Arab Emirates, is reported to support 135,000 jobs, according to the official website of the Jebel Ali Free Zone.

Speaking at an event in Beijing, Tariq al-Tayer, chief assistant to the chairman of DP World, said Dubai should be considered an indispensable gateway not only to West Asia and North Africa, but also to East Africa and India. In July 2022, DP World signed a $300 million deal Collaborate with Indian sovereign wealth fund to accelerate investment between West Asia and Indian ports.

Since the global energy crisis triggered by Russia’s military action in Ukraine in February 2022, Gulf countries such as the United Arab Emirates have strengthened ties with China to lessen the severity of the crisis’s impact.

UAE company Monarch Airplane Manufacturing signed an agreement with Chinese drone technology company EHang Holdings on April 28, build a factory For the production of aircraft and drones powered by sustainable electricity.

The factory will be the first in West Asia to manufacture and operate sustainable electric aircraft and drones for passenger and cargo transport.

Over the past year, the UAE joined several other countries in West Asia in starting leave from Washington’s sphere of influence and strengthen relations with China and Russia.


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