Dubai based DP World, via a consortium formed by the Indonesia Investment Authority (INA) together with DP World FZE named PT INA DPWorld Investment (INA DPWorld), has signed a Shareholders Agreement (SHA) for the establishment of a Joint Venture Company that will carry out market development and operation of the Belawan New Container Terminal (BNCT) in Indonesia.
The location of Belawan New Container Terminal in the Malacca Strait as one of the busiest and most important international shipping routes connecting Asia with the Middle East, Europe and Africa, supported by its strong connectivity to the industrial area around the port, presents a unique opportunity for Belawan New Container Terminal to become a significant logistics and maritime traffic hub, and is an important milestone for Indonesia’s port infrastructure in general.
The signing of the Shareholder Agreement was carried out by the Main Director of PT Pelabuhan Indonesia (Persero), Arif Suhartono, Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem, and Ridha Wirakusumah, Chairman of the Board of Directors of the Indonesia Investment Authority, and also present to witness the signing was the Minister of State-Owned Enterprises, Erick Thohir.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said that “We are proud to be part of Indonesia’s efforts to expand the Belawan New Container Terminal, supporting Sumatra’s economic development ambitions through infrastructure development. By continuously investing in cutting-edge technology, world-class training, and implementing the highest health and safety standards, we are on a mission to eliminate inefficiencies, and further increase trade flows between Indonesia and the world.”