GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

DP World Promotes Bilateral Trade and Investment Using Its Assets as a Springboard

Dubai, United Arab Emirates -  17 July  2019:   The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. 

This consensus emerged on 16 July at a trade and investment seminar led by DP World, UAE Region and jointly organised with the Confederation of Indian Industries (CII) in Chandigarh. 

At the seminar, DP World, UAE Region executives highlighted the synergies that exist in their portfolio across India and UAE, and the integrated solutions ranging from port-centric logistics, inland logistics, freight and transport. The overarching aim is to enhance trade flows with optimised supply chain solutions.  

The recent launch of the India-UAE Bridge initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. DP World remains committed to India's vision of ‘Make in India', and Dubai's ambition to remain the regions #1 trade hub and India's gateway to global markets.

The e2e solutions delivered under the India-UAE Bridge will support investors through value propositions by leveraging assets and capabilities in both countries. This aims to enhance access to larger consumer markets through Jebel Ali's network connectivity being 150 direct ports of call, more than 80 weekly services and a global portfolio of over 150 operations in over 40 countries across six continents. 

As part of the initiative, DP World UAE Region launched the Indian Traders' Incubation Center at JAFZA One. Herein, the business will not only benefit from Jebel Ali's integrated trade ecosystem but will be able to expand its access to new markets across the Middle East and beyond.

Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO of Jafza, said: 

“India and the UAE have enjoyed long and enduring cordial business and trade relations over the years making India one of our top three trading partners. Long-term investment flows in both directions and is the hallmark of trust we place in each other. We aim to work in partnership with stakeholders to create value and explore opportunities with Jebel Ali Port and Jafza acting as a springboard for investors in both countries. 

“At DP World, UAE Region, we facilitate trade with our global connections and local expertise by using state-of-the-art technology as the main driver of our success. Our solutions are customised and based on need and scale. We add value at key stages in the supply chain and help transport cargo around the world. We are positioned at every step of the supply chain to support our customers with whatever they need. We welcome Indian industries, businesses and investors to make Dubai their preferred hub of choice.” 

In 2018, DP World's $3 billion joint investment fund with India's National Investment and Infrastructure Fund (NIIF) was set to acquire assets and develop projects in sea and river ports, freight corridors, special economic zones, inland container terminals and logistics infrastructure such as cold storage. 

India is one of the UAE's largest trade partners with bilateral trade amounting to over $60 billion and annual growth topping 11 per cent.  The expectation is to exceed $100 billion as Dubai stands as the key gateway facilitating India-UAE trade. 

The UAE is among the top 10 biggest investors in India in terms of FDI, according to India's Ministry of External Affairs, with five key sectors leading the growth are construction development, power, air transport, hotels & tourism and the metallurgical sector.



Posted by : GoDubai Editorial Team
Viewed 5252 times
Posted on : Wednesday, July 17, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Automation Anywhere Expands into the Middle East with the Opening of Regional Headquarters in Dubai
Next Story : Dubai launches e-statistics system for better data to clients and decision makers
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Chlo's Iconic Carlina Sunglasses In a Precious New Interpretation
Luxe Beauty Gifts for your Loved Ones this Festive Season
Holiday Hair-Styling Essentials from VIERRO
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com!
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List
Your Holiday Gift Guide for Her
New year, New You with Lunette
Uncovering the Beauty of Mechanics'
Free gold coins at Malabar Gold & Diamonds Festival.
Weather-proof your hair with HASK
Berkan Steakhouse Launches in Dubai
Eberhard & Co. and the new Quadrifoglio Verde chronograph, dedicated to the p...
OMEGA Celebrates The New James Bond Watch in New York
The Real Secret to 10 Years Younger: Argan Face Oil
Dubai Festival City Mall Visitors In for A Jolly Festive Season Like No Other in...
Cole Haan Makes Its Debut at Sole Dxb 2019 Showcasing Footwear Collaborations
Retrograde Fusion'
NYU Abu Dhabi Class of 2017 graduate Alioune Fall named as 2021 Schwarzman Scholar
Dubai Cares' Volunteers bring hope to children in remote village in Senegal
Emotional and highly dynamic: the design of the MINI John Cooper Works GP.
Customs World inks MoU with Indonesia to roll out World Logistics Passport
Best Menswear Items
Statement Cardigans
GROHE received the Red Dot: Brand of the Year
DP World joins forces with Dubai Cares in giving a new facelift to Umm Al Qura S...
The Middle East Organic Market's Premiere Business Event Opens In Dubai
Al Qemzi Claims Abu Dhabi Grand Prix Pole With Brilliant Surge
Reuben Kipyego and Vivian Kiplagat Win 2019 Adnoc Abu Dhabi Marathon
Set Up Stylish Outdoor Spaces with 2XL Furniture & Home Dcor
Hyundai's all-new 2020 Sonata now available in the UAE
Annual DIAC Conference examines impact of UAE Arbitration Law
Air Cargo Peak Season off to Slow Start, Annual Demand down 3.5% in October
World Muslim Communities Council hosts first International Youth Forum in Abu Dhabi
Information City concludes "Al Saada" initiative
Emiratis and expats set off to a two-week Camel Trek across the UAE desert
Lewis Hamilton Tops Off Sixth World Title With Victory at Formula 1 Etihad Airwa...
Truesteam Technology by Lg is Setting A New Standard for Hygiene
1247 Media joins du to offer free unlimited WiFi UAE data to RTA taxi users
Team Abu Dhabi's F2 world champion rounds off brilliant campaign with historic w...
Abu Dhabi Airports awards retail spaces at Midfield Terminal to Lulu Group
EASA extends Part 145 certification of SriLankan Engineering
'Herman Miller and DIDI announce the winners of the Ergo Chair - Student Design...
ENEC welcomes visit by senior Emiratis to headquarters in Abu Dhabi
Pre-school launches initiative encouraging children to stay hydrated
Give a cat a loving home
Abu Dhabi Digital Authority's TAMM' initiative awarded with the Sheikh Salem Al...
3rd Saudi Maritime Congress announced for March 2020
Dr Azad Moopen, Founder Chairman & MD, Aster DM Healthcare meets the Governor of...
Race Legend Back After Breaking Neck Sees More World Titles on the Way to Abu Dhabi