President of Ukraine and DP World Сhairman discuss maritime logistics collaboration
President of Ukraine Petro Poroshenko toured DP World’s flagship Jebel Ali Port and Freezone recently and met with the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem, as part of his official visit to the UAE to discuss bilateral cooperation in politics, securityand foreign investment.
Discussions focused on ways to grow Ukraine’s maritime and logistics sector with the possibility of DP World participating in the concession of the State Port Yuzhny, and collaboration on technology - driven customs operations in Ukraine and other opportunities.
Last year, DP World signed a Memorandum of Understanding (MoU) with the government of Ukraine to partner on matters of mutual interest.
Ukraine - UAE economic cooperation has been strengthening in recent years, with Ukrainian exports to the UAE increasing by almost 60% during the first five months of 2017. Trade between Dubai and Ukraine amounted to more than AED 1 billion in 2016, with the majority being imports to Dubai, followed by exports and re - exports. Total trade in the first half of 2017 was over AED 748 million.