Indonesia commissions Dubai’s DP World for ports development across archipelago

The Indonesian government, through its newly established sovereign wealth fund, signed an agreement with Dubai port operator DP World to develop seaports in Southeast Asia’s largest economy, Bloomberg News wrote.

Under the agreement, the Indonesia Investment Authority and DP World, one of the biggest global port operators, will form a consortium to explore long-term investment opportunities across the country, according to a joint statement made on October 31, which said that the “economic value” of the partnership would be up to $7.5 billion.

Indonesia, an archipelago with over 17,000 islands, considers marine logistics and seaports as a key support for the domestic economy, according to Ridha Wirakusumah, president director at the state wealth fund which lets investors place money in sub-funds covering infrastructure, healthcare, tourism, technology and the development of a new national capital city planned on the island of Kalimantan.

DP World recently announced a string of deals to become a more diversified and integrated logistics company. Its operations span from gateways in London and Antwerp to hubs in Africa, Russia, India and the Americas, the report said.



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The Indonesian government, through its newly established sovereign wealth fund, signed an agreement with Dubai port operator DP World to develop seaports in Southeast Asia’s largest economy, Bloomberg News wrote. Under the agreement, the Indonesia Investment Authority and DP World, one of the biggest global port operators, will form a consortium to explore long-term investment opportunities across the country, according to a joint statement made on October 31, which said that the “economic value” of the partnership would be up to $7.5 billion. Indonesia, an archipelago with over 17,000 islands, considers marine logistics and seaports as a key support for...

The Indonesian government, through its newly established sovereign wealth fund, signed an agreement with Dubai port operator DP World to develop seaports in Southeast Asia’s largest economy, Bloomberg News wrote.

Under the agreement, the Indonesia Investment Authority and DP World, one of the biggest global port operators, will form a consortium to explore long-term investment opportunities across the country, according to a joint statement made on October 31, which said that the “economic value” of the partnership would be up to $7.5 billion.

Indonesia, an archipelago with over 17,000 islands, considers marine logistics and seaports as a key support for the domestic economy, according to Ridha Wirakusumah, president director at the state wealth fund which lets investors place money in sub-funds covering infrastructure, healthcare, tourism, technology and the development of a new national capital city planned on the island of Kalimantan.

DP World recently announced a string of deals to become a more diversified and integrated logistics company. Its operations span from gateways in London and Antwerp to hubs in Africa, Russia, India and the Americas, the report said.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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