Dubai-based ports operator DP World held discussions with Kazakhstan government officials on ways to boost long term growth prospects for New Silk Road and also explored possibilities for setting up joint ventures with Kazakh companies.

DP World Group chairman and chief executive Sultan Ahmed Bin Sulayem met President of Kazakhstan, Nursultan Nazarbayev, on the sidelines of the ongoing St Petersburg International Economic Forum (SPIEF).  

The duo discussed the importance of sea, land, air connectivity to further enhance trade flows between both countries, said the company in a statement.

President Nazarbayev described DP World as a leader in its field and an important strategic partner for Kazakhstan, it stated.

The meeting also focused on opportunities to expand on DP World's exciting participation in the development of the Khorgos Eastern Gate Special Economic Zone and the Port of Aktau, it added.

Bin Sulayem underlined DP World’s effective partnership with the Eurasian nation and added that the growing importance of multi-modal transport systems, connecting air, rail, road and sea was vital for seamless cargo movement. Kazakhstan, Russia, and more broadly, the New Silk Road countries and the Eurasian Economic Union (EAEU) are key markets for DP World.

"We already have a fruitful relationship with the government of Kazakhstan that we are looking to build on and will work with them on projects which support the flow of goods and enable trade across the region which remains an attractive market for us with huge long term growth prospects," he noted.

“Trade corridors such as the New Silk Way connect supply chains capable of remarkable global economic importance and as a global trade enabler, investment in infrastructure and developing that capability is part of our focus. We look at trade and logistics solutions, transport links and connectivity to the hinterland and how we can help improve efficiency for the benefit of economies," observed Bin Sulayem.

DP World enables trade in over half the world’s economy today, making it an experienced and expert commentator on global trade development. Trade and investment opportunities in the New Silk Road are immense, connecting three continents and 65 countries.

“From our experience, New Silk Road countries need to continue developing trade centric solutions. They bring together all the ingredients required to encourage trade – from marine and inland terminals, free zones, customs and logistics underpinned by smart technology, to create a thriving business environment,” he added.-TradeArabia News Service