Dubai – Mubasher: P&O Ports, a subsidiary of DP World, has signed a Public-Private Partnership (PPP) agreement with Serbian government to operate the country's Port of Novi Sad.
Under this agreement, P&O Ports will have the exclusive rights to undertake all waterside operations, container handling, project cargo, and fertiliser activities in the Serbian ports, according to a company statement released on Saturday.
Located on a 24-hectare, the Port of Novi Sad was operated by the government with an estimated throughput of around 1 million tons per year.
"The Port of Novi Sad provides connections with DP World Constanza, Romania, with onward handling of bulk cargos in Jebel Ali Port, Dubai,” Chairman of P&O Ports Sultan Ahmed Bin Sulayem said.
P&O Ports will study the possibility of construction of the container terminals.
"There is also an opportunity to handle bulk commodities in the steel and construction sectors, food and coal. By linking with our operations across Europe we can provide further added value through Novi Sad," state secretary of the economy ministry, Dragan Stevanovic, commented.
