DP World CEO meets with president of Kazakhstan to discuss expansion opportunities
DP World (DPW.DI) Group Chairman and CEO, Sultan Ahmed Bin Sulayem met with president of Kazakhstan Nursultan Nazarbayev, at the St Petersburg International Economic Forum (SPIEF) to enhance cooperation between Kazakhstan and DP World and discuss opportunities to expand on DP World's participation in the development of the Khorgos Eastern Gate Special Economic Zone and the Port of Aktau. DP World’s CEO added that trade corridors such as the New Silk Way connect supply chains capable of remarkable global economic importance and as a global trade enabler, where investment in infrastructure and developing that capability is part of the company’s focus. Bin Sulayem continued to highlight the significance of opportunities in investment in trade on the new silk road; connecting three continents and 65 countries, being the world's largest economic corridor with a population of 4.4bn and generating economic output of USD21tn, representing 40% of global GDP. Meanwhile, the Eurasian Economic Union offers a combined market of 180mn people and a total GDP of cUSD6tn.( DP World Press Release)DP World (DU): AED17.50 as of 16 June 2016, Rating: Buy, FV: AED22.00 per share, MCap: USD14,525mn, DPW DU / DPW.DI
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