PM views the Dubai-based logistics company as a potential buyer in Land Bridge and other businesses.
PUBLISHED: 3 Jul 2024 at 18: 51
According to Prime Minister Srettha Thavisin, DP World, a global leader in supply chain and logistics with a base in Dubai, is interested in looking into investments in local initiatives, including the$ 1 trillion-baht Land Bridge venture.
Sultan Ahmed al Sulayem, party chairman and CEO of DP World, and Mr. Srettha met on Wednesday at Government House to talk about possible investment opportunities.
The prime minister made a point of highlighting the government’s plan to make the country a local transportation hub.
We discussed Thailand’s general economy and the direction of investments in a number of projects, which aim to change our nation into a provincial transportation hub by utilizing its unique geographic location, which links the Indian Ocean and the Pacific Ocean, as a hub for trade and transport both regionally and globally, according to Mr. Srettha.
He emphasized the president’s need for international investors to invest in these enterprises, establishing Thailand as a completely integrated economic hub in the area.
Mr. Srettha praised Thailand’s appeal to foreign investors and its positive economic direction.
Suriya Jungrungreangkit, the secretary of travel, expressed his satisfaction with a second meeting with DP World’s professionals. They met in January at the World Economic Forum in Davos, Switzerland.
In addition to opening its South Asian office in Bangkok, DP World also runs box stations at Chon Buri’s busiest foreign port, Laem Chabang Port.
” DP World keeps looking for opportunities to invest in nations with the potential for substantial economic development, but where resistance and obstacles in the supply network have presented challenges,” said Mr. al Sulayem.
” With our knowledge, from ports and connectors, economic zones through to travel, shipping and technology, we are ideally placed to assist even the flow of trade”.
Founded in 2005, DP World handles 70 million container units, brought in by around 70, 000 ships per year, accounting for 10 % of global container traffic. It operates 82 ships in 40 countries and employs 111, 000 people in more than 75 states in all. In Asia Pacific, it employs more than 7, 000 staff and operates ships and terminals in 19 areas.
Mr. Bin Sulayem and Mr. Srettha were scheduled to discuss a potential joint expenditure on Wednesday after Mr. Suriya recently claimed that DP World had expressed curiosity in the Land Bridge job.
The project aims to create a shipping link between Ranong on the Andaman beach and Chumphon state in the Gulf of Thailand.
Mr. Suriya praised the conference between DP World executives and the prime minister for highlighting the charm of the job to investors and for him to say that he was convinced that it would begin operations in the current administration.