Tuesday, March 29, 2022 – 9:48 PM
During the “Redrawing Trade Lines” session within the World Government Summit 2022.
DUBAI, 29th March / WAM / His Excellency Sultan bin Sulayem, Chairman and CEO of DP World, stressed the importance of supporting efforts to accelerate global recovery, stressing the pivotal role of global trade in consolidating the pillars of a sustainable global economy, praising the role of the World Government Summit as a platform for discussing tools The policies that shape the future.
Bin Sulayem said in a session entitled “Redrawing Trade Lines” on the first day of the “World Government Summit 2022”: The government summit helped us develop our relations with governments, and today we have 93 corridors around the world that handle 75 million shipments worth 3.5 trillion dollars, and we are committed to improving relations. With governments to develop transport infrastructure.” Bin Sulayem stressed that the pandemic showed the whole world the fragility of supply chains and the need to rebuild them to be more flexible and sustainable to ensure the economic benefits of recovery, indicating that this will only be achieved by working with all partners in the supply chain, which requires a lot of Effort to develop successful solutions.
Bin Sulayem pointed out that the biggest challenge that emerged during the pandemic was the development of treatments and vaccines, noting that although more than two years have passed, we are still striving to deliver them, adding: “If not everyone gets the vaccine, the pandemic will not end.”
Bin Sulayem touched on one of the major tasks facing DP World as a logistics service provider, pointing out that it has entered into a partnership with the United Nations Children’s Fund “UNICEF”, to distribute medical materials, and support the “COVAX” humanitarian initiative launched by the World Health Organization and its efforts aimed at equitable distribution of regarding two billion billion dollars. A dose of “Covid-19” vaccines during the year 2021.
He pointed out that trade is a force for good that helps countries diversify their economy and create more jobs, pointing out that the commercial sector has many ingredients and capabilities needed to support the global economy, and that the pandemic and the container ship “Ever Given” accident in the Suez Canal, and other events that caused Influenced the movement of world trade, provided lessons for the world.
Global Logistics Passport Bin Sulayem touched on the Global Logistics Passport initiative, which aims to facilitate the flow of global trade, provide access to global markets by establishing new trade routes, and provide economic efficiency for the members of the initiative.
He also referred to examples of the change made by DP World in destinations such as Dominica and Rwanda, talking regarding the great opportunities that the African continent has despite its problems related to infrastructure, noting that DP World has succeeded in reducing the cost of freight in the port of Rwanda from 507,000 dollars. to $2800, and reduced his time from two weeks to just one day.
Digital solutions Bin Sulayem touched on the role of the pandemic in promoting reliance on digital platforms and the use of technology and accelerating innovation in them, saying: We have succeeded in converting big data into vital information and we have communicated with customers to suggest and provide better solutions for their businesses. We also launched a shipping platform that allows merchants to digitize products, buy directly from the merchant, and complete the trade process more quickly, all of which are innovations that contribute to making the next stage of recovery and successfully addressing challenges.
Wam/Islam Al-Hussein
