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.
Related Articles
Tunisia kicks off stalled expansion of solar projects with 1.3GW capacity push
Tunisia is finally accelerating the deployment of its large-scale photovoltaic (PV) sector after years of slow progress, with construction now underway across multiple major projects, PV-Magazine ... more
Shell and Petronas seek 20% gas price increase for Egypt’s West Delta marine phase
UK energy major Shell (LON:SHEL) and Malaysia's national oil and gas company Petronas have asked the Egyptian Natural Gas Holding Company (EGAS) to raise the gas price for the upcoming Phase 12 ... more
Egypt and Russia finalise key agreements for Dabaa Nuclear Power Plant
Egypt has signed an agreement with Russia’s Rosatom to secure the nuclear fuel supply for Unit 1 of the Dabaa Nuclear Power Plant, Al Ahram reported on November 19. Officials said the agreement ... more
Most Read
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago