DP World (DPW.DI) signed an MoU with state-run Taiwan International Ports Corporation (TIPC) for the development of Kaohsiung port’s terminal 7 in Taiwan. The MoU marks the entrance of the first global operator to Taiwan's market, where DP World will be able to  share its global experience. DP World Asia Pacific and Indian Subcontinent portfolio currently spans 11 countries, 26 operating terminals that offer 35mn TEU gross capacity. Kaohsiung port enjoys a key geographical location, is an excellent natural harbor and was once amongst the world’s top container ports. The port has enough container capacity to serve immediate growth in Taiwan, but does not yet have the capability to attract new growth resulting from ultra large container vessels added to line-haul services. This MoU with DP World marks the intention to tackle this challenge. (Company press release)   DP World (DU): AED16.95 as of 27 July 2016, Rating: Buy, FV: AED22.00 per share, MCap: USD14,069mn, DPW DU / DPW.DI