Gresik container port concession signed

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DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ) has signed a long-term agreement with Indonesia's conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to US$ 1.2 billion.

Under the agreement, a joint venture company will be established between DP World and CDPQ's global investment platform and Maspion Group, the first of its kind in the Indonesian transportation sector involving a foreign direct investor (FDI) partner and a private sector Indonesian company.

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