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](/sites/default/files/styles/article_hero_medium/public/2023-05/GettyImages-1238344921.jpg?h=1d34674f&itok=CyX5uTIy)
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.