Government of Mali signs MoU with DP World for trade and logistics development
On the sidelines of the Global Investment Forum in Dubai, a memorandum of understanding (MoU) was signed between the government of Mali and the global trade enabler, DP World. The agreement was signed by Ibrahim Boubacar Keita, President of Mali, and DP World Group Chairman and CEO Ahmed Bin Sulayem.
November 17, 2017: On the sidelines of the Global Investment Forum in Dubai, a memorandum of understanding (MoU) was signed between the government of Mali and the global trade enabler, DP World. The agreement was signed by Ibrahim Boubacar Keita, President of Mali, and DP World Group Chairman and CEO Ahmed Bin Sulayem.
Under the MoU, DP World, in partnership with the Government of Mali, will develop a master plan to enhance trade and logistics and unlock the resource-rich country’s economic potential.
As per the press release from DP World, the plan includes a transportation and logistics strategy with electronic customs processes, replicating DP World’s successful model with Dubai Trade at its flagship Jebel Ali Port and Freezone in Dubai. The partners will continue discussions and carry out due diligence studies on the infrastructure projects that fit with the government’s development goals.
The transformation of Dubai and the UAE is the result of vision, innovation and planning ahead for the long term said Bin Sulayem at the Investment Corporation of Dubai (ICD) Global Investment Forum in Dubai.
Bin Sulayem added that those that embrace game-changing technologies and breakthroughs such as blockchain, the internet of things, big data, artificial intelligence, robotics and autonomous vehicles would also lead in the future. He noted that the IOT alone was expected to contribute between $10-15 trillion to the global economy over the next twenty years.
The company enables trade for about 50 percent of the world's economy, while its flagship Jebel Ali port is the leading port in the Middle East and a gateway to more than 2 billion people. With its free zone, the port sits at the crossroads of world trade, offering business-friendly processes to attract customers and together they contribute to over 20 percent of Dubai’s GDP.
