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DP World

Logistics

Latest DP World DevelopmentsAI Insights

DP World has started construction on the Duke Point Terminal expansion in western Canada, aimed at enhancing connectivity and trade on Vancouver Island. The company and the Port of Nanaimo signed a 50-year lease for the project, backed by a public-private partnership with financial support from Canadian authorities1.

The company plans to increase its capital expenditure to $2.5 billion this year, targeting locations including Jebel Ali in the UAE and Tuna Tekra in India. Despite increased geopolitical challenges, the allocation aims to improve these global assets following a year where financial strain led to a decline in profit2.

Ports, Customs and Free Zone Corporation, a subsidiary of DP World, has signed an agreement with the government of Ghana to establish an economic zone in Accra to draw foreign investment. The development aims to attract technology companies and facilitate business growth within the region3.

Following the lifting of US sanctions on Syria, DP World signed a memorandum of understanding to develop a terminal at Tartous port. The company plans to invest heavily in the construction of new terminals and transit hubs, aiming to modernise the port and enhance Syria's Mediterranean connectivity4.

DP World will allocate over $1 billion to develop Peruvian port infrastructure. Part of this investment includes a $400 million expansion at Callao Port's Bicentennial Pier. The improvements are set to boost agricultural exports and fortify Peru's logistics network5.

DP World Overview

Global ports operator and logistics company DP World was formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International.

In 2006 DP World bought P&O, then the world’s fourth largest ports operator, for £3.9 billion. Since then it has expanded its focus across the logistics and trade sectors to also include cargo logistics, maritime services, free trade zones, inland terminals and industrial parks.

It now has a global network of more than 300 business units in over 75 countries across six continents.

Headquartered in the UAE, DP World’s flagship port is Jebel Ali in Dubai,which is ranked among the top 10 container ports of the world and is one of the world’s largest free trade zones.

According to the UAE’s ministry of economy DP World handles 70 million containers that are brought in by around 70,000 vessels annually across the world. This equates to roughly 10% of global container traffic.

DP World News

DP World CEO Sultan Ahmed bin Sulayem said the company will continue to invest through targeted bolt-on acquisitions

DP World targets deals in Turkey and Eastern Europe

Global ports operator DP World is exploring acquisitions in Turkey and Eastern Europe as part of its growth plan, a media report said. “We are exploring markets,” The National newspaper reported quoting executive vice president of East Europe Kris Adams. The container market in Eastern Europe is fragmented, with consolidation required, Adams said, adding that the […]

PCFC chairman Sultan Ahmed bin Sulayem and Samuel Nartey George, Ghana's minister for communication, digital technology and innovation, sign the economic zone agreement

Dubai to build Ghana’s first economic zone

The government of Ghana has signed a memorandum of understanding with Dubai state-owned entity Ports, Customs and Free Zone Corporation (PCFC) to establish an economic zone and digital incubator in Ghana’s capital Accra. The move is intended to attract foreign investment to West Africa and accelerate Ghana’s goal of becoming a regional technology powerhouse, the […]

Sheikh Hamdan, the crown prince of Dubai, third from right, at the Mahdah-Opaz signing ceremony in Muscat

DP World unit signs 50-year deal to develop UAE-Oman free zone

A DP World unit has signed a 50-year deal to develop an economic free zone between the UAE and Oman. Mahdah Development Company, a UAE-Omani joint venture led by DP World, is working with Oman’s Public Authority for Special Economic Zones and Free Zones (Opaz) to develop the first phase of the Al Rawdah zone. […]

Syrian children return to school in the war-damaged Damascus suburb of Jobar. US Secretary of State Marco Rubio wants US sanctions to be lifted immediately

Syria says foreign partners vital to modernise telecoms

International partners will be vital to bringing Syria’s telecom infrastructure up to date after 14 years of civil war, according to the country’s interim minister for communication and information technology. “In wanting our people to actually make that leap in technology, in enabling them through technology and giving them the services they deserve through technology, […]

DP World will develop, manage and operate a multi-purpose terminal at Tartous in Syria

DP World to invest $800m to develop port in Syria

Dubai’s DP World and the Syrian government have signed a memorandum of understanding worth $800 million to develop Syria’s port of Tartous, Syrian state news agency Sana said on Friday, after the lifting of US sanctions cleared the way for the deal. The deal is to develop, manage and operate a multi-purpose terminal at Tartous […]

Gantry cranes and shipping containers on Vancouver's downtown waterfront. The Port of Vancouver facility is operated by DP World

DP World trials hydrogen cranes to reduce emissions

DP World, the world’s biggest container port operator, is testing out a hydrogen powered crane to reduce its reliance on diesel and cut carbon dioxide emissions.  The Dubai logistics giant, which handles 70 million containers each year, operates 1,500 cranes in over 60 ports around the world. While it is considering converting half of those from […]