DP World, a leading global provider of logistics solutions and Pakistan’s National Logistics Cell (NLC), signed a Memorandum of Understanding (MoU) to explore areas of cooperation within the country’s trade and logistics sector. The MoU was signed in Rawalpindi today by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Major General Farrukh Shahzad Rao, Director General of NLC.
DP World began operations in Pakistan in 1997 at the Qasim International Container Terminal – the first of its kind in the country – and has since transformed the facility into the country’s leading gateway for global trade in the region.
NLC has been Pakistan’s leading multimodal logistics company, offering end-to-end solutions to its clients across road, rail, sea, and air for more than four decades. Its capability is augmented by a network of dry ports, warehousing facilities, and border terminals across Pakistan.
Under the MoU, DP World and NLC will explore areas of cooperation in Pakistan’s logistics sector that will enable both companies to benefit and expand their businesses, including by forming a potential joint venture. The MoU covers a wide range of areas on both land and seaside and includes, amongst others, port infrastructure such as container and bulk terminals, Roll-on/Roll-off (RORO) services, dry ports, inland container depots, rail and trucking and border terminals in Pakistan as well as in its neighbouring countries.
At the signing ceremony, Bin Sulayem said: “Pakistan is a growing market and an important trade corridor to Central Asia. Partnerships are critical to meeting the region’s trade requirements, and this MoU with NLC enables us to explore the country’s huge potential formally.”
Major General Rao delivered a welcoming address, saying, “the event was of special significance for NLC as it provides the beginning of a new journey of cooperation between the two organisations and will help open new avenues of business in Pakistan.”