DP World signs up for East Java boxport project

Two preliminary agreements between DP World and Indonesian conglomerate Maspion Group were signed yesterday to create a $1.2bn container port and industrial logistics park in East Java.

Maspion International Container Port in Gresik in will have a 3m teu annual capacity when up and running in 2022.

Sultan Ahmed Bin Sulayem, DP World group chairman and CEO, said: “This partnership will be a major addition to our global portfolio and a new step in our ongoing expansion. It will also enhance our continuing commitment to Indonesia, one of the most important world economies.”