Feature, Freight News, Sea

New deal to boost Russia ports

[ January 22, 2016   //   ]

DP World has set up a joint venture company with the Russian Direct Investment Fund (RDIF)to develop ports, transportation and logistics infrastructure. DP World Russia will target marine, dry ports and logistics infrastructure in different parts of the country and is expected to invest up to US $2 billion in upgrading Russian port facilities, while introducing international best practices. The deal was signed by DP World chairman Sultan Ahmed Bin Sulayem and RDIF chief executive Kirill Dmitriev on the sidelines of the World Economic Forum in Davos.