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DP World News

UAE president Sheikh Mohamed bin Zayed Al Nahyan and Indian prime minister Narendra Modi witness the signing of MoUs with DP World

DP World to invest $3bn to develop new ports in India

Dubai’s DP World plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years. The memorandums of understanding (MoUs) include the development of multi-purpose deep-draft ports in south and western coasts of Gujarat; special economic zones in Jamnagar and Kutch; and cargo […]

An impression of DP World’s new HQ in Expo City Dubai

DP World selects Expo City Dubai as new HQ location

DP World plans to relocate its global head office to Expo City Dubai from Jebel Ali, which has been its base since September 2005. “DP World’s relocation to Expo City Dubai is not an isolated project,” state-owned WAM news agency said, citing Sultan Ahmed bin Sulayem, group chairman and CEO of DP World.  “It is […]

India mulls giant distribution hub in the UAE

India is planning to set up a new warehousing facility in the UAE similar to China’s Dragon Mart to allow its exporters to showcase their products under one roof, according to an Indian media report. Bharat Mart is expected to become a mega-distribution hub to support the exports of “Made in India” products to the […]

Sheikh Mohamed bin Zayed Al Nahyan and Kassym-Jomart Tokayev, president of the Republic of Kazakhstan met earlier this year to discuss cooperation

UAE and Kazakhstan launch trade investment platform

The UAE and Kazakhstan have announced the launch of a new investment vehicle focused on high-growth sectors. The countries are planning $1 billion in annual bilateral trade. Abu Dhabi’s ADQ and the Qazaqstan Investment Corporation (QIC), the main driver of direct investment into Kazakhstan, said the focus will be on food and agriculture, mobility, healthcare, […]

Partanna carbon negative concrete, rick fox, green concrete, low carbon concrete

How Mena is moving to sustainable construction

The year is 2065 and humans are living in space, in villas of celestial materials mined from asteroids and equipped with infinity pools.  Far-fetched? Perhaps, but this model was one of dozens featured last month in an exhibition on the past, present and future of sustainable design in the Middle East and North Africa (Mena). […]

Drake & Scull's trading ceased in November 2018 when the company disclosed losses exceeded 75 percent of its capital

DFM to launch pilot for trading carbon credits

Dubai Financial Market (DFM), the operator of the Dubai stock exchange, will launch a pilot programme for trading carbon credits during Cop28. The pilot programme for institutional investors starts from December 4 to 8, 2023, with the offsetting period ending on January 10, 2024, the UAE state-run Wam news agency reported.  The inaugural pilot will see […]

DP World is using renewable energy generated by the Dubai Electricity and Water Authority

DP World cuts carbon emissions by 50% in UAE

DP World cut carbon emissions from its UAE operations by nearly 50 percent in 2023 using renewable energy generated by the Dubai Electricity and Water Authority (Dewa). The Dubai utility provider has issued more than 200,000 international renewable energy certificates (I-RECs) to DP World so far this year, the global ports operator said in a […]

UAE minister of state for foreign trade Thani Al Zeyoudi and Turkey’s minister of trade Ömer Bolat at the UAE-Turkey joint economic and trade commission in Istanbul

UAE-Turkey trade set for 50% rise to $15bn in 2023

Bilateral trade between the UAE and Turkey is set to jump by 50 percent to hit $15 billion by the end of the year following the signing of a comprehensive economic cooperation agreement (Cepa) in September. “We have exceeded $14 billion in the first nine months of this year,” Daily Sabah newspaper reported, citing trade […]

DP World's collaboration with Rosatom aims to develop an additional trade route for maritime container shipping

DP World and Rosatom to develop new shipping route

Global ports operator DP World and Russian state nuclear company Rosatom have established a joint venture (JV) to develop transit container shipping along the Northern Sea Route (NSR). International Container Logistics was registered in Moscow this month according to Russian news agency Interfax, citing data in the Unified State Registry of Legal Entities.  Rosatom Cargo owns 51 […]

Water, Waterfront, Port

DP World to invest $1bn to upgrade Tanzanian port

Dubai’s DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port. The deal aims to improve transport and logistics services throughout Tanzania and the wider East Africa region, according to the state-run Wam news agency. DP World will invest more than $250 million […]