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DP World and Thailand explore trade, shipping and logistics industries

Staff writer |
DP World Group chairman and CEO and chairman of Ports, Customs and Free Zone Corporation Sultan Ahmed bin Sulayem has met the Deputy Prime Minister of Thailand, Somkid Jatusripitak, who is responsible for seven ministries including Finance and Investments.

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During the meeting, which was held in Bangkok, Thailand, discussions revolved around the future prospects of cooperation between Thailand and DP World, exploring the potential for DP World to contribute in the country’s economic growth, especially in areas of ports, trade, shipping, and logistics industries.

Also part of the discussion were the global port operator’s existing investments in Thailand and how they can be given further impetus.

The Thai Deputy Prime Minister was very encouraging of further investments in infrastructure including a new free zone. He also discussed the future terminal developments in Laem Chabang.

Somkid Jatusripitak expressed his country’s commitment to developing economic relations with the UAE, to avail its leading economic development experience.

Laem Chabang International Terminal (LCIT), a joint venture container terminal in which DP World owns 34.5%, is located on the Gulf of Thailand, approximately 120km from Bangkok, the capital city of Thailand.

The terminal, which serves as a gateway for containerized goods to and from the key Asian markets, is within close proximity to the Industrial Estate Zone, Free Zone and Logistics centers.

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