DP World and Rosatom to Create a Global Logistics Operator

DP World and Rosatom State Corporation have signed an agreement on strategic cooperation in the global market aimed at increasing the efficiency of international trade and at creating seamless, sustainable global transportation and logistics supply chains.

To achieve the goal, the parties intend to establish an international logistics operator to operate in the Russian and international markets.

The ceremonial signing ceremony took place in the COP28 Climate Change Conference in Dubai and was attended by Alexey Likhachev, Director General, Rosatom, and Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World. 

Rosatom and DP World will facilitate logistics integration among the BRICS members and partner countries aimed at expanding and improving the reliability of global supply chains, increasing global trade, and advancing the global sustainable development agenda.

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The agreement will be implemented on the basis of the backbone infrastructure of Russia (including the Northern Sea Route), Eurasia, the Middle East, Africa, and South America. 

Alexey Likhachev, Director General of Rosatom State Corporation, said: “Reliable and flexible supply chains are essential for the world’s economic and sustainable development, as well as international cooperation among BRICS members and partner countries, with the participation of Russia.

"Today, we reached an agreement with DP World to combine our expertise, competencies, and infrastructure capabilities to create a global logistics operator that will improve the transparency and accessibility of transport and logistics services, particularly in developing countries in Eurasia, the Middle East, Africa, and South America.”  

The agreement marked another step forward in Rosatom State Corporation and DP World’s cooperation.

On June 15, 2023, the companies agreed to collaborate on the development of Eurasian transport logistics and container shipping along the Northern Sea Route.

In October they established International Container Logistics LLC, a joint venture company which is currently working on building the first regular Arctic container line. 

Read More: DP World and Rosatom Sign Agreement for Northern Transit Corridor