Weekly Newsletter

06 October 2023

Weekly Newsletter

06 October 2023

DP World announces strategic Indonesian partnership

The terminal construction is set to enhance East Java’s position as a key trade gateway while improving Indonesian connections.

Cat Vitale October 04 2023

Emirati logistics giant DP World has partnered with Maspion Group with plans for the construction of a new container terminal in Gresik, East Java.

The joint venture will be named DP World Maspion East Java, and operate a new international container port with a design capacity of up to three million TEU.

Alongside the terminal, the partnership will develop an integrated industrial and logistics park at 110 hectares, with scope for future expansion.

According to DP World, this partnership is set to strengthen business connections across Indonesia and enhance logistics capabilities in Gresik.

Sultan Ahmed bin Sulayem, CEO of DP World, emphasised the strategic location of the container facility.

Sulayem said: “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.”

This partnership extends the relationships between both parties that signed a $1.2bn port agreement in 2019, overseeing the first public-private partnership for the transportation sector in Indonesia.

Earlier this year, DP World extended its reach across Indonesia through operations to expand capacity at Indonesia’s Belawan New Container Terminal. The project is designed to boost economic growth across Indonesia.

The metaverse may accelerate the travel industry’s recovery, though only compelling use cases will lead to adoption

Large travel and tourism organizations have begun exploring use cases for the metaverse following the devastating impact of the pandemic. Current applications either focus on digital marketing campaigns with real-world rewards for consumers, creating immersive experiences on-site for digitally savvy consumers through AR and VR metaverses, or improving operational efficiency through digital twin technology. However, uptake of the metaverse by smaller operators will remain limited until use cases are affordable and provide a guaranteed return on investment.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close