..:: India Strategic ::. Foreign Affairs: DP World signs MoU with Maldives Government

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Editorial

DP World signs MoU with Maldives Government

Published: March 2015

Dubai. DP World has signed a Memorandum of Understanding (MoU) with the Maldives Government for developing the archipelago’s ports and logistics industry, reports Emirates News Agency WAM.

The agreement was signed in here after a meeting attended by a Maldivian Government delegation, including Minister of Tourism Ahmed Adeeb, Minister of Economic Development Mohamed Saeed, and Minister of Youth and Sports Mohamed Maleeh Jamal with DP World Chairman Sultan Ahmed Bin Sulayem and other key company officials.

DP World, which operates several ports in various countries, made a presentation to highlight its global portfolio and expertise in assisting partners with the development of their infrastructure and transport networks.

Said Sultan Ahmed Bin Sulayem, "The Maldives has been growing rapidly, driven largely by its tourism development. We are working with them to help diversify the economy through building infrastructure, logistics and transport links needed to make this happen. The UAE has much experience and expertise in this area thanks to the vision of our leaders to explore new growth strategies. We are proud to share our expertise with the Maldives as they develop their capabilities in the global supply chain industry."

The signing of the MoU is a result of several meetings over the last few months between DP World and the Maldives Government. These include discussions between Bin Sulayem and the President of the Maldives, Abdulla Yameen Abdul Gayoom, in July and September, 2014.