Dubai's DP World bags port development contract in Taiwan

(MENAFN) DP World, a Dubai-based global marine terminal operator, has inked a deal with the state-run Taiwan International Ports Corporation (TIPC), for the development of Kaohsiung Port's Terminal 7.

In detail, the contract lays the basis for a joint effort to seek future business opportunities and to lead growth in Taiwan's port infrastructure.

Moreover, the deal will improve the South-Asian country's trade potential by setting up smooth cargo movement across its supply chain, the marine port operator said.

"We look forward to bring our expertise and experience to the development of Taiwan's economy and build a better future for generations to come," DP World Group chairman and CEO said.