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17-Jan-2017

DP World signs MoU for special economic zone in Kazakhstan

DP World ( DPW.DI) has signed an agreement with Kazakhstan to develop a special economic zone in the Caspian Sea city of Aktau, according to the national quoting a statement, where DP World and Kazakhstan will look at opportunities to add shipping capacity and develop a logistics area.   The MoU was signed by DP World Group chairman Sultan Ahmad Bin Sulayem and Manistau governor Akim Alik Aidarbayev in the presence of Kazakhstan first deputy prime minister Askar Mamin. DP World has existing contracts in Kazakhstan to develop port facilities and logistics zones, including agreements with the Port of Aktau and the country’s national railway company. A Kazakh delegation led by president Nursultan Nazarbayev is in the UAE this week attending the World Future Energy Summit. (The National, Reuters)   DP World (DU): AED19.30 as of 16 Jan, Rating: Buy, TP: AED22.00/share, MCap: USD16,019mn, DPW DU / DPW.DI  

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