DP World has signed a Memorandum of Understanding, MoU, with the Maldives government for the development of the archipelago's ports and logistics industry.
The agreement was signed in Dubai after a meeting which was attended by a Maldivian government delegation, including Minister of Tourism, Ahmed Adeeb, Minister of Economic Development, Mohamed Saeed, and Minister of Youth and Sports, Mohamed Maleeh Jamal, along with DP World Chairman, Sultan Ahmed Bin Sulayem and other key company officials, which provided an opportunity to highlight DP World's global portfolio and expertise in assisting partners with the development of their infrastructure and transport networks.
Sultan Ahmed Bin Sulayem said, "The Maldives has been growing rapidly, driven largely by its tourism development. We are working with them to help diversify the economy through building infrastructure, logistics and transport links needed to make this happen.
"The UAE has much experience and expertise in this area thanks to the vision of our leaders to explore new growth strategies. We are proud to share our expertise with the Maldives as they develop their capabilities in the global supply chain industry," he added.
The signing of the MoU is a result of several meetings over the last few months between DP World and the Maldives government. These include discussions between Bin Sulayem and the President of the Maldives, Abdulla Yameen Abdul Gayoom, in July and September, 2014.