DP World looking at three sites in Russia | GulfNews.com

DP World looking at three sites in Russia | GulfNews.com:

"DP World is evaluating three sites in Russia as part of a joint venture it set up earlier this year to invest $2 billion (Dh7.34 billion) in the country, the port operator’s chairman said on Sunday.

DP World and the state-owned Russian Direct Investment Fund agreed in January to establish DP World Russia to invest in upgrading Russian port facilities. DP World holds an 80 per cent stake in the joint venture.

“We have looked at three locations in Russia. Vladivostok in the far east where we had experience. We are looking at the Baltic, and we are looking at the Black Sea,” DP World Group chairman and chief executive Sultan Ahmad Bin Sulayem told reporters at a press conference at a Dubai hotel."



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