DP World invests more than US$1bn in global trade in 2017

DP World 2017DP World has invested more than US$1bn in global trade opportunities in 2017, with an aim to diversify its business across the supply chain and explore smart innovation technologies

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said, “The recovery of global trade in 2017 has been stronger than expected. We are on course to deliver approximately 10 per cent growth in gross volumes for 2017, and look forward to continued growth in 2018.”

Some of the notable business tie-ups and acquisitions included the partnerships with a range of infrastructure investments in Brazil, Ecuador, Kazakhstan, Cyprus, Somaliland, India, Egypt and Mali, aiming to enable global trade and connect countries to international markets.

In 2017, the company expanded Prince Rupert in Canada for business and opened a new cruise terminal at Limassol port in Cyprus. In addition, work began on a new logistics centre in Kigali and at a new terminal project in Ecuador. In the Americas, DP World took 100 per cent ownership of Embraport in Brazil.

“This was coupled with a series of acquisitions such as the inclusion of Dubai Maritime City and Drydocks World to the group’s operations,” added the chairman.

“We have also stepped up container handling productivity at our flagship Jebel Ali Port, by adding 1.5mn TEU to Container Terminal 3.” 

DP World has joined with the United Nations Logistics Emergency Teams (LET) to help in humanitarian disaster relief, supporting the development of Hyperloop technologies that focus on revolutionising the movement of goods across continents. The company also won Dubai Quality Award.

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