DP World Chairman and Hong Kong CEO discuss strategic partnerships
Global trade enabler DP World and Hong Kong leaders discussed collaboration in a range of sectors from ports , logistics and customs to education and innovation at a meeting in Hong Kong this week, the company said in its press release.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with Hong Kong’s Chief Executive Car rie Lam at Government House in the presence of the Consul General of the United Arab Emirates to Hong Kong , Nabila Abdelaziz Nasir Saeed Alshamsi, Hong Kong Secretary for Transport and Housing, Frank Chan Fan, Hong Chief Executive -Elect Office Director, Kong Eric Chan Kwok -ki, and senior company officials.
The development of financial services and cruise terminal facilities, customs collaboration and OBOR (One Belt , One Road) were also discussed. The move to develop close ties between the UAE and Hong Kong follows the recent opening of a Dubai Export Office there and the planned Hong Kong Economic and Trade Office in Dubai to attract capital investment.
Firm partnerships also exist through the DP World’s Jebel Ali Freezone in Dubai , which is home to 32 Hong Kong companies and saw trade worth US$ 339.7 million with Hong Kong in 2016.
DP World and its partners are investing $1.9 billion in China port terminals until 2020 and already have operations alongside Hong Kong, in Qingdao, Tianjin and Yantai. While the Asian region remained the top non -oil trade partner for Dubai in the first quarter of 2017, Dubai trade with H ong Kong totalled AED 31 billion in 2016.