He added that the new corridor will be an addition and support to the various trade routes and means of transport that currently connect various continents of the world, including the addition of the network of trains and land trucks as a new link in the chain of transport of goods from India to Europe, which also includes seaports, thus contributing to facilitating transport operations.
This came during "Trade in a Changing World: Creating Opportunity and Boosting Prosperity", which was moderated by Egyptian writer and journalist Emad El-Din Adib as part of the activities of the first day of the twenty-first session of the Arab Media Forum.
Bin Sulayem stressed that the project will not affect the volume of work on the Suez Canal, which is a major and indispensable artery in the movement of global trade.
Bin Sulayem said that "trains are very important and not a new means of transportation, there are old train lines between China, Russia, China and Europe, and yet maritime transport constitutes the largest percentage in the movement of goods globally and cannot be dispensed with because its cost is the cheapest among other means of transport, followed by trucking in terms of cost, then train transport and then air transport, which is the highest cost, hence the economic corridor between India and Europe through the Middle East will add and benefit the movement of Transport contributes to its speed at times, especially in the event of emergency crises in the waterways by providing means of land transport," stressing that trains, regardless of their size, cannot transport the same number and size of containers that can pass through waterways.
He stressed the importance of the multiplicity and diversity of means of transport for the speed of arrival of goods, and said that supply chains and logistics around the world are fragile and have not developed technology as required, which represents a challenge to increase the demand for goods and trade, which the company gives top priority in its operations to provide customers from shipping companies, traders and consumers with factors of speed, quality and reasonable cost, noting that shipping prices reached $ 13,19 per container during the Covid-2500 crisis, after it was $ <>,<> per container due to the closure of ports. The accumulation of goods in factories and containers and their lack of availability, prompting Dubai Ports to invest in the purchase of containers, storage warehouses and technical systems to overcome such crises and meet the needs of customers in terms of speed of transport and cost.
A comprehensive player in supply chains
Bin Sulayem said the company spent more than $6 billion from 2016 to 2021 to develop the company into a comprehensive player in the global supply chain.
He added that DP is no longer limited to the management and operation of ports, and has expanded strongly in the field of logistics and supply chains in order to provide quick solutions for the movement of transport and trade from the factory to the consumer, and enable producers to reach their customers at the lowest costs and in the least time.
He pointed out that the company's share of the volume of global container traffic currently reaches about 11 percent, and that it is one of the fastest companies in loading and unloading goods.
"The company was initially focused on managing and operating the ports it owns and manages around the world, but it found that there are other factors outside the ports that may affect our requirements in the speed of handling, related to roads, infrastructure, storage areas, land freight, etc., so it decided to expand its new operations and investments to contribute to the speed of transferring products from the factory to the customer anywhere around the world, and invested during the period from 2016 to 2021 more than $ 6 billion to acquire companies whose work is linked to a chain Supply and logistics, building e-commerce services and digitalization," Ben Sulayem said.
He pointed to the purchase of India's largest private train companies to transport goods from ports to dealers in India to overcome the slow movement of trucks, and announced that the company is currently negotiating the purchase of India's largest state train company to transport goods.
Dubai Ports began operating outside the UAE at the end of the nineties, starting with Jeddah Islamic Port in Saudi Arabia after DP World had gained significant experience in managing Jebel Ali Port, and its current portfolio around the world is 137 terminals in more than 60 countries, including 94 seaports, according to the company's president.
Bin Sulayem revealed that DP World Group is investing about 3 billion Saudi riyals to develop work in Jeddah Islamic Port, which it considers one of the most important ports included in the company's portfolio in ports and logistics terminals, which are located in six continents of the world and employ more than 106,2030 employees, adding that DP World supports these ports with Emirati employees and from the parent company in Dubai in addition to employees from all countries in which it is present globally, pointing out that its new investments in Jeddah Port is in line with Saudi Arabia's Vision <> and the expected increase in trade.
Bin Sulayem said: "DP World Group is one of the largest operators currently in India, Britain, Australia, Peru, Canada and other countries of the world, and has contributed to the development and growth of the work of its customers from shipping companies and shipping companies around the world, as a result of the work standards we adopt in loading and unloading and means of transport outside ports," pointing to the group's investment in the purchase of truck companies to transport goods and storage warehouses, serving, for example, 154,20 locations for sale in Nigeria. "We distribute goods to traders in more than <> African countries."