NewsWhore
11-07-2008, 06:10 PM
At the start of his visit to Dubai, President Fernandez also held meetings with top management and senior officials of Dubai World, a division of the UAE government. At the Dubai World headquarters, President Fernandez was received by Jamal Majid Bin Thaniah, vice chairman. He also met Mohammed Sharaf, CEO of DP World, and Salma Hareb, CEO of Economic Zones World, at the Jebel Ali Free Zone. Dubai World has strong ties with the Dominican Republic where its global marine terminal operator, DP World manages and operates the Port of Caucedo, the country's leading trade gateway.
Bin Thaniah commented that the meeting was an ideal occasion to reiterate Dubai World's commitment to enhance co-operation with the Dominican Republic. He said: "It was a fruitful meeting and we are pleased with the support H.E. Dr. Fernandez offered to DP World's efforts to maximize Port Caucedo's operational efficiency. The DR delegation's visit highlights the importance the country attaches to DP World's presence there. Caucedo is a leading contributor to the Dominican Republic's economic development and DP World has a major part in enabling the port to achieve its goal.
DP World commenced the operations at Caucedo container terminal facility in 2003. The Port of Caucedo forms an important part of DP World's operations in the Americas, which also include terminals in Argentina's Buenos Aires, Canada's Vancouver, and Venezuela's Cabello and a new development in Peru's Callao.
Dubai World considers that the Dominican Republic's central location in the Caribbean provides Caucedo with great potential to become a strategic shipping hub in the region. According to the Dubai company, Dubai World, through its subsidiary companies, has been strategically expanding its investment bases in the Americas. Port and Free Zone operations are among the core areas of this expansion. Jafza International, the global arm of Economic Zones World, has launched a major logistics-cum-business park project in South Carolina in the US. Istithmar World, the group's investment arm, recently opened its international office in New York to focus on the opportunities in the US and the region.
The company says that the delegation's visit comes at a time when trade ties between Dubai and the Dominican Republic show a steady rise. Total direct trade between the two economies increased by 47%, amounting to Dhs6.104 million in the first six months of 2008, compared with the corresponding period in 2007. According to Dubai World's Statistics Department studies, total trade between the two countries in 2007 was valued at Dhs7.984 million.
More... (http://www.dr1.com/index.html#3)
Bin Thaniah commented that the meeting was an ideal occasion to reiterate Dubai World's commitment to enhance co-operation with the Dominican Republic. He said: "It was a fruitful meeting and we are pleased with the support H.E. Dr. Fernandez offered to DP World's efforts to maximize Port Caucedo's operational efficiency. The DR delegation's visit highlights the importance the country attaches to DP World's presence there. Caucedo is a leading contributor to the Dominican Republic's economic development and DP World has a major part in enabling the port to achieve its goal.
DP World commenced the operations at Caucedo container terminal facility in 2003. The Port of Caucedo forms an important part of DP World's operations in the Americas, which also include terminals in Argentina's Buenos Aires, Canada's Vancouver, and Venezuela's Cabello and a new development in Peru's Callao.
Dubai World considers that the Dominican Republic's central location in the Caribbean provides Caucedo with great potential to become a strategic shipping hub in the region. According to the Dubai company, Dubai World, through its subsidiary companies, has been strategically expanding its investment bases in the Americas. Port and Free Zone operations are among the core areas of this expansion. Jafza International, the global arm of Economic Zones World, has launched a major logistics-cum-business park project in South Carolina in the US. Istithmar World, the group's investment arm, recently opened its international office in New York to focus on the opportunities in the US and the region.
The company says that the delegation's visit comes at a time when trade ties between Dubai and the Dominican Republic show a steady rise. Total direct trade between the two economies increased by 47%, amounting to Dhs6.104 million in the first six months of 2008, compared with the corresponding period in 2007. According to Dubai World's Statistics Department studies, total trade between the two countries in 2007 was valued at Dhs7.984 million.
More... (http://www.dr1.com/index.html#3)