Mubasher: DP World has signed a Memorandum of Understanding (MoU) with Russia’s Summa Group to explore investment opportunities in ports, special economic zones, and inland logistics facilities in Russia.

Developing and implementing cutting-edge freight delivery and port processing technologies will be the main focus of this MoU, according to a recent statement. 

The partnership will focus on “The development and promotion of the Asia-Pacific Economic Cooperation (APEC) and Russian Far East transportation corridors, including free ports Vladivostok and Zarubino also form part of the agreement.”

“The Summa Group have  been extensively involved in developing trade infrastructure in Russia and elsewhere  and we have done the same with a network of 77 operating marine and inland terminals across six continents and other international interests such as DP World Russia, a joint venture company that targets marine, dry ports and logistics infrastructure in the country,” DP World’s chairman and CEO Sultan Bin Sulayem said.