Under the agreement, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 teu to 1.25 million teu by 2025. Investments will also be made to optimise terminal workflows, accelerate digitalisation for greater operational efficiency and to increase the port’s connectivity.
“With its strategic location and abundance of natural resources, Sabah is well-positioned to reap the immense growth opportunities in the BIMP-EAGA region and beyond. Sapangar Bay Container Port plays a critical role in realising these ambitions,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.
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In partnership with Sabah Ports, we will apply industry-leading practices to elevate SBCP into a hub port for BIMP-EAGA markets, supported by an ever-growing network of inland container depots, industrial parks, logistics parks and free zones across Sabah.”
Sabah Ports is a wholly owned subsidiary of Malaysian public listed investment holding company, Suria Capital Holdings.
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“Sapangar Bay Container Port is an important driver of development in Sabah. As we consider the future of SBCP, we are pleased to have onboard a partner like DP World who will lend their global expertise in managing ports and building supply chain networks to help optimise SBCP’s operations, which in turn will catalyse increased trade through Sabah and benefit communities and businesses around the state,” added Datuk Ng Kiat Min, Managing Director for Sabah Ports.
This is a new milestone in the long-term collaboration between DP World and Sabah Ports. In 2019, the two parties signed an agreement to jointly develop solutions to enhance SBCP’s competitiveness and drive cargo creation in Sabah’s hinterlands.
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Reference: https://www.seatrade-maritime.com/ports/dp-world-and-sabah-ports-expand-east-malaysia-terminal