Staff ReportPublished: May 23, 2008, 00:19
Dubai: Dubai World on Thursday said it has signed an agreement to look at building two ports and a logistics park in Thailand.
The memorandum of understanding with the Thailand government "enables the parties to undertake a feasibility study over the next year," the Dubai company said in a statement, without providing details about its proposed projects.
The ports on the coasts of Andaman Sea and the Gulf of Thailand in southern Thailand will be linked by a land corridor, which will have a free trade zone or business a park. "The corridor could operate as a logistics centre and may include road and rail to handle the transfer of cargo," Dubai World said.
"This is an important first step in developing world class supply chain services that will serve Thailand and the region far into the future. We are very pleased to be working with Thailand on this feasibility study," Dubai World chairman Sultan Ahmad Bin Sulayem said.
Dubai World's port operator DP World manages Laem Chabang International Terminal (LCIT) at Laem Chabang Port.