Dubai's DP World inks Taiwan Port deal

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Dubai’s DP World inks Taiwan Port deal

Dubai-based global marine terminal operator DP World and the state-run Taiwan International Ports Corporation (TIPC), have signed a memorandum of understanding (MoU) for the development of Kaohsiung Port’s Terminal 7 in Taiwan.

The agreement marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwan’s port infrastructure, while enhancing the country’s trade potential by establishing seamless cargo movement across its supply chain, the marine port operator said in a statement.

According to DP World, Kaohsiung Port enjoys a key geographical location, is an excellent natural harbor and was once among the world’s top container ports.

DP World Group chairman and CEO Sultan Ahmed Bin Sulayem, said: “We look forward to bringing our expertise and experience to the development of Taiwan’s economy. It is commendable how TIPC and the Taiwan government are committed to planning and steering the country’s economic growth, building a better future for generations to come.

“Our strategy in developing in strategic locations where our customers want us to be, serving global trade and being able to handle the new generation of ultra large vessels shows how we are investing in the future, translating our vision into reality.

” TIPC plans to expand the port to serve the import and export needs of southern Taiwan, and wants it to become a global shipping hub by 2040, according to its website.

Source: www.tradearabia.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.