DP World is exploring business ventures in Georgia following a recent visit by its chairman, Sultan Ahmed bin Sulayem.

The UAE firm, a global operator of shipping terminals, is interested in investing in marine terminals, inland terminals, logistics parks and economic zones in the former Soviet republic.

Bin Sulayem held discussions with the Georgian Prime Minister Giorgi Kvirikashvili during an annual investment meeting which was also attended by Jamal Majid bin Thaniah, vice chairman of DP World and other senior officials of the company. 

Diverse solutions for Georgia’s trade and logistics development, which would be cost-effective and in keeping with the latest industry trends, were suggested by Bin Sulayem. The two sides agreed that a DP World research team should visit the country to evaluate the potential for developing various projects, similar to those being carried out along the New Silk Way between China and Europe.

Trade between Dubai and Georgia was Dh376 million ($102.3 million) in 2015. Imports were Dh25 million, exports Dh35 million and re-exports Dh315 million.

“Georgia presents a promising business environment where trade can play an ever greater role in developing the country’s manufacturing base, while encouraging growth of the state’s extensive logistics, distribution and warehousing potential,” noted Bin Sulayem.

“Georgia is also well placed to facilitate trade from the Port of Aktau in Kazakhstan along the New Silk Way, providing access to the Black Sea,” he said. 

“The country’s leadership is committed to its people, working to provide a stable, welcoming and predictable trade environment for investors which is key. Dubai is an example of that; our remarkable growth story stems from the UAE’s visionary leadership which embarked on an incredible journey.

“We are honoured to be able to share this insight and expertise with countries like Georgia.”

DP World is developing seamless trade solutions to stimulate economic growth around the world, advising governments through its experiences and expertise in multiple locations in over 40 countries.

It is providing the Kazakhstan government advisory services for the development of the Khorgos Special Economic Zone and Inland Container Depot with a similar arrangement under a separate contract for the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.

CYPRUS CONCESSIONS

DP World and the Cypriot logistics and services firm GAP Vassilopoulos Public have won two concessions to manage commercial activities at Limassol Port starting in January.

They include cargo operations, port marine services and the operation of a pasenger terminal.