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.
