Friday 19 August 2022
China’s Ningbo-Zhoushan Port, one of the world’s busiest ports in terms of cargo tonnage, has set up a warehouse supply chain management company in Dubai. The Dubai company will enable Ningbo-Zhoushan Port to further explore supply chain services in the city.
The newly launched company, relying on the cooperation between Ningbo-Zhoushan Port and DP World, will develop an overseas warehouse business in Jebel Ali Free Zone, a DP World-owned free trade zone. Many Chinese goods already reach North Africa via the Jebel Ali Port in Dubai after leaving the Ningbo-Zhoushan Port.
The Chinese port will progressively extend logistics services to the rest of the Middle East region following the company opening in Dubai. Ningbo-Zhoushan Port and DP World signed an agreement in 2018 to launch Belt and Road Initiative (BRI) projects in Dubai. BRI, a global infrastructure development strategy, was adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations.
Established in 1738, Ningbo-Zhoushan Port stretches across 220 kilometers and consists of 19 port areas. The port owns and operates most large and super-large deep-water berths in Mainland China. By the end of 2019, it had developed connections to more than 600 ports in 190 countries and regions, with nearly 250 trade routes.