Uzbekistan, DP World sign framework agreement for international trade

The agreement covers a broad area of cooperation, all which will boost Uzbekistan’s trade networks, and position DP World as a strategic partner in boosting international trade. Prioritising the flow of trade in the country, the agreements include the establishment of a new inland logistics network, supporting the expansion of the Navoi Free Economic Zone (FEZ), and the cargo terminal at Navoi International Airport, launching new consumer e-commerce and fintech platforms in the country, and streamlining customs operations, DP World said in a press release.

DP World will also deploy its advanced Port Community System by CARGOES, to provide stakeholders in trade and logistics with seamless, paperless access to services including dry ports, logistics parks, ICDs, railway stations and depots.

“The Uzbekistan economy continues to grow at a strong pace, making it an attractive destination for long-term investments. We look forward to working with the Ministry of Investments and Foreign Trade to promote economic growth and prosperity for the people of Uzbekistan, leveraging our capabilities across trading, logistics, infrastructure and digital technology,” Sultan bin Ahmed Sulayem, group chairman and chief executive officer of DP World.

DP World will establish a state-of-the-art, rail-linked and road-linked, inland logistics network offering customers with efficient solutions across all major distribution and consumption centres in and around Tashkent. The company will develop a 100-hectare road-and-rail linked greenfield site in Uzbekistan’s recently established Special Economic Zones.

The agreement will see DP World becoming a strategic partner for the growing Navoi FEZ and the connectivity of the Navoi air cargo terminal linking it to major international hubs, leveraging the company’s expertise in developing, owning, and operating the Jebel Ali Free Zone (JAFZA), the world’s largest free zone, in Dubai, the release added.

“DP World is committed to being a strategic partner for Uzbekistan enabling trade. Our agreements signed today will help design and shape a world-class trading ecosystem in the country. The Uzbekistan economy continues to grow at a strong pace, making it an attractive destination for long-term investments. We look forward to working with the Ministry of Investments and Foreign Trade to promote economic growth and prosperity for the people of Uzbekistan, leveraging our capabilities across trading, logistics, infrastructure and digital technology,” added Sulayem.

The MIFT and DP World also agreed for the company to facilitate the development of a consumer e-commerce platform, leveraging its experience from launching DUBUY.com, an e-commerce platform empowering SMEs and micro businesses to expand their business and penetrate new markets. The company aims to build the most preferred online shopping destination of the region powered by DP World’s cutting-edge technology.

Fibre2Fashion News Desk (RR)