Chilean President Visits DP World's Jebel Ali Port To Strengthen Trade Relations

DP World recently hosted a high-level delegation from Chile, led by Gabriel Boric Font, President of the Republic of Chile, at Jebel Ali Port in Dubai. This visit follows the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Chile. The agreement aims to enhance economic collaboration by reducing customs duties and facilitating investments and joint ventures, thereby boosting bilateral trade.

Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, expressed his enthusiasm about the visit. He stated, "We are delighted to welcome Gabriel Boric Font and the Chilean delegation to Jebel Ali Port. This visit marks a significant step in strengthening our bilateral trade relations and exploring new avenues for collaboration. Chile is a key partner in our global network, and we look forward to enhancing our cooperation to drive economic growth and innovation."

During their visit, DP World showcased its advanced facilities, innovative logistics solutions, and commitment to sustainability. The delegation received a comprehensive overview of DP World's global network and its ambitions to lead the future of world trade. This aligns with DP World's strategic priority of enabling trade and growing GDP in countries where it operates.

Gabriel Boric Font praised DP World's infrastructure and operational excellence. He said, "We are impressed by the scale and efficiency of DP World's operations in Dubai. The insights gained during this visit are invaluable as we look to enhance our own trade and logistics infrastructure in Chile. DP World's commitment to innovation and sustainable practices aligns perfectly with our vision for Chile's economic future. We welcome DP World's continued investment and support in driving our mutual economic growth and development."

DP World began its operations in Chile in 2019 by acquiring two port facilities at Lirquén and San Antonio. Since then, the company has been building on its presence with ambitions to increase trade volumes for Chile. The success seen at Jebel Ali Port serves as a model that DP World aims to replicate in Chile.

Sultan Ahmed Bin Sulayem further elaborated on their strategy: "Enabling trade and growing GDP in the countries we operate is a strategic priority for us. Our success in Dubai, where Jebel Ali contributes a significant share of the emirate’s GDP, is a model we aim to replicate. We envision bringing the powerful synergy between our ports, terminals, free trade zones, and logistics services, proven in Dubai, to benefit Chile as well. We are committed to investing in Chile for the long-term and supporting Chile's economic expansion for mutual benefit."

Future Collaborations

The visit concluded with discussions on future collaborations focusing on logistics, technology, and sustainable development. These discussions align with DP World's vision of creating a smarter, more efficient global trade network.

The insights gained during this visit are expected to be invaluable as both nations look forward to enhancing their trade relations further. The commitment shown by both parties highlights their dedication towards mutual economic growth.

With inputs from WAM