Logistics DP World to put $1bn into Peru ports By Pramod Kumar January 23, 2025, 7:53 AM Presidencia del Perú/X Peru's President Dina Boluarte and DP World CEO Sultan bin Sulayem at the World Economic Forum in Davos Global ports operator DP World plans to invest more than $1 billion in developing port infrastructure in Peru. DP World CEO Sultan bin Sulayem conveyed the interest during a meeting with President Dina Boluarte at the World Economic Forum in Davos, Boluarte said in a post on X. The investment will promote agricultural exports and employment, in addition to strengthening Peru’s position as a regional logistics centre, she said. In June DP World announced they would invest $400 million to increase the capacity of Callao Port terminal in Peru by 80 percent through expansion of its Bicentennial Pier. The project will extend the pier to 1,050 metres, enabling it to accommodate up to three vessels simultaneously and increasing its annual capacity to 2.7 million 20-foot equivalent units. DP World Callao handles 60 percent of the containerised cargo in Peru. it also operates the port of Paita in the north of the country. The port operator’s profit fell 60 percent year on year to $265 million in the first half of 2024, as the global port operator felt the impact of the Red Sea disruption. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
