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DP World signs Java port deal

[ July 26, 2019   //   ]

DP World has signed two preliminary agreements with Indonesia’s Maspion Group for a US$1.2 billion container port and industrial logistics park in East Java. It aims to create a modern, integrated container terminal and industrial logistics park which wil act as a trade gateway for the region, plus a  360 hectare industrial and logistics park. The project is expected to break ground later this year and commercial operations are being planned for the first half of 2022.