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Dubai World and Thai Government sign landbridge MOU

Dubai World Chairman H.E. Sultan Ahmed Bin Sulayem signed an agreement with the Thai Government that could pave the way for a landbridge linking the Andaman Sea and the Gulf of Thailand in the south of Thailand.

United Arab Emirates: Saturday, May 24 - 2008 at 11:24
PRESS RELEASE

Chairman Dubai World Mr. Sultan Ahmed Bin Sulayem speaking after the signing.

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The Memorandum of Understanding (MOU) enables the parties to undertake a feasibility study over the next year. Envisaged is the development of two new ports on each side of the peninsula with a connected land corridor which may include a special free zone or business park. The corridor could operate as a logistics centre and may include road and rail to handle the transfer of cargo.

Dubai World Chairman Sultan Ahmed Bin Sulayem said:

'This is an important first step in developing world class supply chain services that will serve Thailand and the region far into the future. We are very pleased to be working with Thailand on this feasibility study.'

Dubai World has several investments in Thailand, including DP World-operated Laem Chabang International Terminal (LCIT) at Laem Chabang Port, hotels and real estate.

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Notes and media contacts

For more information, please contact:

Sanaa Maadad
Manager, Media Department,
World View Communications,
Dubai World
+971 50 552 2610

Posted by Anne-Birte Stensgaard, Senior News Editor
Saturday, May 24 - 2008 at 11:24 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

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