PM views the potential investor as the Dubai transportation big.
PUBLISHED: 3 Jul 2024 at 18:51
DP World, a global supply chain and logistics big based in Dubai, the United Arab Emirates, has shown interest in exploring opportunities in regional initiatives including the 1-trillion-baht Land Bridge venture.
Srettha Thavisin, the prime minister, and Sultan Ahmed bin Sulayem, the group’s chairman and CEO, met at Government House on Wednesday to talk about possible funding options.
The prime minister made a point of emphasis on the government’s plan to make the country a local transportation hotspot.
We discussed the state of Thailand’s general economy and the path of investments in several projects, which aim to transform our nation into a local transportation hub by utilizing its unique geographic location, which connects the Indian Ocean and the Pacific Ocean, as a hub for trade and transport both regional and global, according to Mr. Srettha.
He emphasized the need for international investors to invest in these projects, establishing Thailand as a totally integrated economic hub in the area.
Mr. Srettha praised Thailand’s good economic direction and its appeal to foreign investors.
Suriya Jungrungreangkit, the chancellor of travel, expressed his satisfaction with the DP World president and executives. They met in January at the World Economic Forum in Davos, Switzerland.
In addition to opening its Southeast Asia grouping office in Bangkok, DP World furthermore runs box terminals at Chon Buri province’s busiest foreign port, Laem Chabang Port.
According to Mr. Bin Sulayem,” DP World continuously looks for opportunities to invest in nations with the potential for substantial economic growth.”” These nations have the potential for substantial economic growth, but friction and obstacles in the supply chain have created challenges,” he said.
”With our knowledge, from slots and terminals, economic zones through to travel, logistics and systems, we are ideally placed to help clean the flow of business. “
DP World has 111,000 people in more than 75 locations. It handles around 10 % of worldwide box customers. In Asia Pacific, it employs more than 7,000 officers, and operates ships and stations in 19 areas.
Mr. Suriya recently stated that DP World had expressed interest in the Land Bridge job, and that Mr. Bin Sulayem and Mr. Srettha were scheduled to discuss a potential joint venture on Wednesday.
The project aims to create a mega-logistics system that links Ranong on the Andaman coast with Chumphon state in the Gulf of Thailand.
According to Mr. Suriya, the government had been given the task of communicating to DP World’s professionals regarding the project’s viability.
DP World ’s meet with the Mr Srettha underscores the charm of the initiative to shareholders, the minister said, adding he was convinced it would get live during the administration’s tenure.
On Wednesday, Mr. Srettha also spoke with his Chinese equivalent Sonexay Siphandone.
He responded online by offering to speak with Lao Prime Minister Sonexay of the PDR to discuss cooperation in combating drug smuggling.
This problem serves as both a popular national agenda for Thailand and Lao PDR as well as the rest of the region. “