World renowned Dubai-based port operator DP World is set to construct a key station on China’s Belt and Road (BRI) route in partnership with Zhejiang Provincial Seaport Investment & Operation Group Co Ltd (ZPG), according to reports.
The BRI station, named the Dubai Station, is being built to act as a logistics base on the ancient route.
China and the UAE have built an increasingly close trade relationship over recent years, and this move is another big step towards inter-supply chain collaboration.
Sultan Ahmed Bin Sulayem, CEO of DP World, said: “The ‘Belt and Road’ Dubai Station marks a milestone in the evolution of Dubai as an international trade and commercial hub.
“Our partnership with Zhejiang Provincial Seaport Investment & Operation Group will encourage a new era of business growth in the UAE and across the region and will play a pivotal role in the Dubai One Belt and One Road Trade Market (OBOR TM) to expand operations and create higher economic and social benefits.
“China is Dubai’s biggest trading partner, with AED 69-billion worth of trade in the first half of 2018. We have a long-standing trading history and it’s essential that we develop the movement of goods to meet the growing needs of consumers.
“As a major port operator, ZPG is an ideal partner for us to build on our role as a global trade enabler.
“When fully developed both ‘The Belt and Road’ Dubai Station and the ‘Straight-through Warehouse’ project in Yiwu will have the potential to create a new economic facility that will span three continents and benefit more than two billion people.”
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