Kazakh railways and Dubai Port World agree to cooperate
Azerbaijan, Baku, April 24 / Trend E. Kosolapova/
Kazakhstan Temir Zholy company (Kazakh railways) (KTZ) and Dubai Port World company signed a memorandum of cooperation, KTZ reported.
The memorandum was signed within the meeting between KTZ's Head Askar Mamin and DP World's Chairman of the Board of Directors Sultan Ahmed bin Sulayem in the United Arab Emirates.
"The memorandum envisages the creation of the working group of the DP World, which will include technical and logistics consultants and experts in special economic zones. These zones will be aimed at development of port container terminals and transport infrastructure in Kazakhstan, as well as the creation of integrated transport and logistics products on all competitive transit routes in the country," KTZ said.
According to KTZ, DP World's basic principles of work will promote development of Kazakhstan's transport and logistics system and transit potential. It will help to turn Kazakhstan into a transport and logistics hub.
DP World operates more than 60 terminals across six continents, with container handling generating around 80 percent of its revenue. Moreover, DP World manages one of the world's largest free economic zones of Jebel Ali Free Zone in Dubai (JAFZA), where 6,000 companies from 120 countries are working now.