The Maharlika Investment Corp. (MIC) is exploring deeper collaboration with global logistics giant DP World Ltd. through a newly signed memorandum of understanding (MOU) to improve logistics efficiency and connectivity across the Philippines.
MIC president and CEO Rafael D. Consing Jr. confirmed the development, emphasizing that the agreement is still in its early stages and does not yet involve any investments.
“It’s very preliminary and logistics-focused,” he said on the sidelines of the Doing Business with the Philippines forum organized by the Philippine Chamber of Commerce and Industry (PCCI) on Tuesday, with a 17-company delegation from Dubai’s business sector.
DP World currently operates in the country through Asian Terminals Inc. (ATI), and the MOU, signed May 3, 2025, in Dubai, signaled a potential expansion in the Philippines through the MIC.
“We’ll be working with them, with AT. It’s more of a collaborative effort, an opportunity to study how we can work together to make logistics more efficient nationwide,” Consing said. Othel V. Campos
While the agreement does not entail joint studies at this point, Consing said MIC already started internal assessments to identify areas of synergy.
“We’re doing the study now, internally. It might take a bit of time, but we aim to make recommendations by the end of the year,” he said.
The potential collaboration is on top of the P10 billion in investment projects already in the pipeline.
Consing said robust logistics investments could help bring down the cost of goods and improve mobility across regions.
“We think that one way we can reduce the cost of goods is by investing in the logistics platform,” he said.
