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DHL, the world's leading express and logistics company, inked a deal with the Shanghai Airport Authority on Monday to invest 175 million U.S. dollars on a new north Asia cargo hub at the Shanghai Pudong International Airport. The move followed the announcement UPS to establish an international cargo hub at the airport on April 12 this year. Pudong airport is to be the first airport in the world with two international cargo hubs, said sources with the airport. "The investment of DHL signals that Shanghai has become an international center for cargo transportation," said Wu Nianzu, board chairman of the Shanghai Airport Authority. "After both hubs go into operation, the Pudong airport might become the world's top three in terms of cargo transportation," he said.
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