Terminal operator DP World and Russian diversified conglomerate Summa Group have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation.
The partnership will also focus on the development and implementation of freight delivery and port processing technologies. The development and promotion of the Asia-Pacific Economic Cooperation (APEC) and Russian Far East transportation corridors, including free ports Vladivostok and Zarubino also form part of the agreement.
DP World group chairman and CEO Sultan Ahmed Bin Sulayem said: “We are always on the lookout for opportunities to collaborate with industry peers. This is one of the many ways in which we grow and develop our expertise, by sharing what lessons we’ve learnt in each of our sectors. The Summa Group have been extensively involved in developing trade infrastructure in Russia and elsewhere and we have done the same with a network of 77 operating marine and inland terminals across six continents and other international interests such as DP World Russia, a joint venture company that targets marine, dry ports and logistics infrastructure in the country.”