Dubai-based ports giant DP World is all set to build an inland port in Jammu Kashmir, the Jammu Kashmir Lieutenant Governor Manoj Sinha said on Thursday.
Dubai, part of the United Arab Emirates (UAE), would invest in infrastructure and other projects in the Jammu Kashmir region claimed by India and Pakistan but ruled in parts by both, Economic Times reported.
Sinha, who is in Dubai this week to promote investment, said DP World would soon visit the 250-acre site earmarked for the inland port facility.
“We will finalize it shortly,” he told Reuters in Dubai, describing the project as a “firm commitment” by state-owned DP World.
A DP World spokesperson said the company had a “productive meeting” with Sinha on Thursday and that it was preparing a proposal for the project.
The announcement last October that Dubai would invest in the region was the first by any foreign government since Kashmir’s autonomy was revoked in 2019 and the Muslim-majority state was divided into two territories directly ruled by New Delhi.
Earlier, Dubai developer Emaar Properties said that it would build a mall in Srinagar.
Lulu Group, a UAE-headquartered company headed by an Indian billionaire, also plans to set up a food processing hub there.