Global port operator and logistics company Dubai Port World (DP World) has announced plans to create a joint venture with Abu Dhabi Uzbekistan Investment Fund that will build logistics infrastructure in free economic zones, while also developing e-commerce.
The aim is to facilitate access to world markets for Uzbek exporters and importers.
Following the signing of the agreement with DP World, Abu Dhabi Uzbekistan Investment's investment commitment in Uzbekistan stood at $170mn.
DP World last October announced plans to create a logistics centre near Tashkent.
The company is managed by Dubai World, owned by the UAE government.
DP World provides logistics for 10% of world trade through its global network of ports and terminals, free economic zones, hubs and maritime services.
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