DP World, the UAE headquartered but worldwide acting port terminal operator and logistics provider, and the Indonesian conglomerate Maspion Group, have marked the commencement of the process to construct a new container terminal in Gresik, East Java, Indonesia.
DP World said in its statement, that its partnership with the Maspion Group underscores the company’s commitment to boost infrastructure and capacity in East Java, and facilitate seamless trade in the region.
The joint venture (JV) company, DP World Maspion East Java, will operate a modern international container terminal with a design capacity of up to three million twenty-foot equivalent units (teu) in Indonesia.
Furthermore, the JV company will also develop an integrated industrial and logistics park, adjacent to the container terminal, with an initial land area of 110 hectares and with scope for future expansion it mentions.
The groundbreaking ceremony for the facility was held on 2 October 2023, and was attended by Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Dr. Alim Markus, Chairman and CEO of Maspion Group, and witnessed by Mr. Budi Karya Sumadi, Minister of Transportation, Republic of Indonesia and Mr. Septian Haryo Seto, Deputy of Coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia.
“We see significant potential in Indonesia as a major hub for global trade, and we hope to unlock further growth in the region through meaningful partnerships and investments that bring opportunities through greater trade connectivity for local businesses and communities. Our partnership with Maspion Group to build new infrastructure in Gresik will strengthen East Java’s position as a key trade and logistics gateway. It will also serve as a cornerstone in our strategy to expand our global ports and logistics network to offer our customers end-to-end solutions and boost supply chain resilience,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.
“Maspion Group shares DP World’s vision and is dedicated to contributing to sustainable economic development in Indonesia and harnessing investment opportunities in the interest of the country’s fiscal growth. This project is a strong testament of how both companies – with the support of the government – can leverage our respective resources and capabilities, to jointly develop East Java’s infrastructure in tandem with President Joko Widodo’s vision to accelerate economic growth through his Indonesia Golden Generation 2045 strategy. We are excited about the prospects of this project and its long-term economic impact,” said Dr. Alim Markus, Chairman and CEO of Maspion Group.
