SERVICES

DP World invested US $1-billion in 2017

Dubai - Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017 which included over US $1 billion in capital expenditure year to date

Dubai - Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017 which included over US $1 billion in capital expenditure year to date.

A series of acquisitions, technology tie-ups and sustainable business achievements all formed part of the activities that saw the global port operator expand its business horizons across the world.

The expansion at Prince Rupert in Canada opened for business, DP World Limassol in Cyprus opened a new cruise terminal, work began on a new logistics centre in Kigali (Rwanda) and at a new terminal project in Posorja (Ecuador). Also in the Americas DP World took 100% ownership of Embraport in Brazil. In Asia Pacific DP World completed the consolidation of Pusan (South Korea), while in Africa it started officially operating DP World Berbera port (Somaliland) under a 30-year concession.

(READ MORE)

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››