Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation, the company said in its press release.
The partnership will also focus on the development and implementation of cutting -edge freight delivery and port processing technologies . The development and promotion of the Asia -Pacific Economic Coop eration (APEC) and Russian Far East transportation corridors, including free ports Vladivostok and Zarubino also form part of the agreement. Both partners will leverage their international experience and exchange best practice in port management, including the efficient operation of free ports.
The Summa Group is a diversified private holding with significant investments in the port logistics, engineering, construction, telecommunications, and in the oil and gas sectors.