President Zelenskyy encouraged DP World to invest in Ukrainian ports

President of Ukraine Volodymyr Zelenskyy during an official visit to the United Arab Emirates on Feb. 14, 2021
Photo by: Пресс-служба Офиса Президента

During an official visit to the United Arab Emirates, President of Ukraine Volodymyr Zelenskyy had a meeting in Dubai with CEO of one of the world's largest port operators DP World Sultan Ahmed Bin Sulayem.

Volodymyr Zelenskyy reminded that last year laws had been passed to motivate foreign investors to invest in Ukraine. In particular, he spoke about the concession, due to which foreign investors have already entered two Ukrainian ports, and "investment nannies" that will create a direct contract between the investor and the state.

"That is why today we invite DP World to enter the Ukrainian market through such concessions. We have four more ports that the company can enter. The second issue is to build a marina together with a company engaged in similar projects," the Head of State stressed.

President Zelenskyy also marked that Ukraine has finally passed a law on inland water transport, the adoption of which had been failed for several decades.

"We know that river transport can be the cheapest in terms of transportation. So I would like you to look at future opportunities as well. I think this is an attractive business in Ukraine. And it's not just about tourism, but first of all about transportation of goods," he said.

The CEO of DP World noted that the company already has extensive experience in the development of river transport in other countries, which is really the cheapest type of transport.

As a reminder, in June 2020, DP World announced the completion of its acquisition of a 51% stake in TIS Container Terminal in the Port of Pivdenny in Ukraine.

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