DP World, Lin-Gang sign deal to develop Chinese trade zone

DP World, Lin-Gang sign deal to develop Chinese trade zone

Dubai / WAM

DP World is expanding its operations in China by signing a memorandum of understanding (MoU) to support logistics and trade development at the Lin-Gang Special Area, a free trade zone in Shanghai.

The MoU was signed on Wednesday with Shanghai Lin-Gang Economic Development Group (Lin-Gang Group) at a virtual ceremony by Lin-Gang Party Secretary and Member of Shanghai Standing Committee, Jinshan Chen, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Abdulla Bin Damithan, CEO and Managing Director, DP World UAE & Jafza.

DP World will work with the Lin-Gang group and deploy the World Logistics Passport (WLP) programme, a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provides economic efficiencies to members. The WLP will provide Chinese businesses with faster and more cost-efficient access to markets in Asia, Latin America, the Middle East and across Africa.

At the same time, DP World will share its experience from Jafza, its flagship freezone in the UAE. Combined with the Jebel Ali Port, Jafza forms a world-class, integrated ecosystem for over 9,000 companies from around the world, serving more than 3.5