Dubai-based terminal operator DP World and Indonesian conglomerate Maspion Group have started construction of a new container terminal in Gresik, East Java.
DP World said that the terminal would enhance East Java’s position as a key trade gateway and connect Indonesian enterprises with customers in the region and globally.
The created joint venture company, DP World Maspion East Java, will operate a modern international container terminal with a design capacity of up to 3m teu. The initial deal of about $1.2bn for the construction of the terminal was struck in March 2021.
As part of DP World’s goal of delivering end-to-end supply chain solutions, the JV will also develop an integrated industrial and logistics park, adjacent to the container terminal, with an initial land area of 110 hectares and with scope for future expansion.
“Our partnership with Maspion Group to build new infrastructure in Gresik will strengthen East Java’s position as a key trade and logistics gateway. It will also serve as a cornerstone in our strategy to expand our global ports and logistics network to offer our customers end-to-end solutions and boost supply chain resilience,” Ahmed bin Sulayem, group chairman and CEO of DP World, said.
“This project is a strong testament to how both companies – with the support of the government – can leverage our respective resources and capabilities, to jointly develop East Java’s infrastructure in tandem with President Joko Widodo’s vision to accelerate economic growth through his Indonesia Golden Generation 2045 strategy,” Alim Markus, Chairman and CEO of Maspion Group, added.
