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DP World, one of the world’s largest port operators owned by the UAE government, has agreed to establish a new joint venture with Rosatom, RBC reported, citing filings with Russia’s Federal Antimonopoly Service (FAS).

The parties to the deal include Rosatom, its subsidiary Global Logistics LLC, registered in December 2025, DP World Russia FZE, and Far Eastern Shipping Company (DVMP), the parent company of FESCO transport group, the documents show.

Rosatom confirmed it had filed an application with FAS and outlined the main parameters of the future deal. The joint venture will be established on the basis of Global Logistics with the Russian side holding a 51% stake. Rosatom will contribute its stake in FESCO, in which it owns 92.5%, while DP World will invest cash based on the market value of the FESCO stake as determined by an independent appraiser. The deal requires approval from a government commission overseeing foreign investment.

Rosatom and DP World have previously partnered. In 2023, they set up International Container Logistics LLC with a 51/49 ownership split.

“The partnership with DP World supports Rosatom’s strategy to build a global logistics operator for an effective implementation of national objectives to expand transport capacity of both the company and the Northern Sea Route corridor. DP World owns about 40% of container ports worldwide, and as part of the joint venture, Rosatom will gain access to them. DP will also ensure an increase in the cargo flows, including for the Arctic corridor," a representative of the state corporation said.