UAE-based independent port operator and logistics company Gulftainer’s $600 million
concession to develop and operate the port of Wilmington in the US state of
Delaware is a “really big deal” for the state and has the potential to create
thousands of jobs, according to Delaware Secretary of State Jeffrey Bullock.
The ports deal, which was signed by Gulftainer
subsidiary GT USA in late September, marks the largest ever run by a UAE
company in the United States, as well as the largest investment ever made by a
private UAE company in the country.
Speaking to Arabian Business during a recent
visit to the UAE, Bullock said that the deal has the potential to create “double-digit growth in the number of jobs”,
although he declined to give a specific forecast.
“If you just run the models, the economic
activity can double the growth of jobs [in and around the port,” he said.
“Current direct and indirect unemployment around the port is currently about
5,000 or 6,000.
“Our first priority is to maintain the
employment we already have, and then provide a path forward for the port to
grow. We’ve accomplished [these goals] and the third is to create new jobs.
We’ll see job creation. Whether it’s 1,000 jobs or 5,000 jobs remains to be
seen,” he added
Plans for the port also include the development
of cargo terminal capabilities, as well as the establishment of a training
facility for the ports and logistics industries that are expected to train and upskill as many as 1,000 people each
year.
Bullock added that the deal – and others like
it – can help bridge the cultural gap between the US and UAE.
“It’s very powerful. Some of the hesitation in
the United States is kind of from the fear of the unknown,” he said. “We are
different and that’s okay. But we have a lot more similarities than
differences.”
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