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Dubai’s DP World signs deals with China seaport companies in latest push

Ningbo-Zhoushan port said it will boost its Dubai station project as part of China’s Road and Belt Initiative.
Dubai port

DUBAI - Dubai’s state-owned DP World signed agreements with China's Ningbo-Zhoushan port and Zhejiang Seaport on Friday, to cooperate on automobile industry chain services and logistics.

Ningbo-Zhoushan said it will boost the deal as part of China’s signature investment project, the Road and Belt Initiative. 

This comes a day after DP World, the fourth-largest operator in container terminal activities, hosted a promotion in Beijing on Thursday to encourage Chinese investment. 

What happened:  DP World, one of the world’s biggest port operators, signed a memorandum of understanding with two Chinese seaports on Friday. 

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