Dubai-based global port operator DP World plans to invest around $1 billion in Bangladesh’s container supply chain infrastructure, according to media reports.
The supply chain includes ports, rail networks, and container terminal. The investment from DP World could help Bangladesh accumulate cumulative economic benefits worth $35 billion. While around $14 billion will come from the logistics corridor, the other $21 billion will come from the digital platform.
Reportedly, DP World has already approached the government in Bangladesh with its proposal.
According to the proposal tabled by DP World for the government in Bangladesh, DP World wants to invest in Patenga container terminal. It also wants to operate the Kamalapur inland container depot and modernise and operate the New Mooring Container Terminal (NMCT) and Chittagong Container Terminal (CCT).
In a concept paper, DP World said, “Our vision is to enable Bangladesh to be a connecting landmass to a market of three billion people. DP World is ready to transfer and then co-create a technology platform that will bring efficiencies by bringing all logistics stakeholders into one platform which will get rid of complex and expensive interactions.”
According to media reports, DP World is also considering buying a 49 percent stake in Fesco Transport Group, the largest intermodal transport operator in Russia.
In 2017, DP World bought in a minority stake in Fesco Transport Group as a part of its programme to diversify its operations and secure its place as a global trade enabler.
Last year, the media also reported that DP World is considering placing a bid for Singapore-based Miclyn Express Offshore, a leading provider of service vessels to the expanding offshore oil and gas industry across Southeast Asia and the Middle East, just months after buying Topaz Energy and Marine for $1.08 billion.