eseoulpost
BusinessUAE
DP World invests $3 billion in 2018
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2019.01.01  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

DUBAI, 31st December 2018 (WAM) - DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said.

It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said.

The headline projects were the launch of DP World Cargospeed with Virgin Hyperloop One and taking over leadership of the technology company; digital transformation of business operations across the global portfolio; the game-changing high bay storage system for containers at Jebel Ali; the successful launch of a $3 billion investment platform in India; acquisition of complementary businesses in Europe, India and Peru; and container port development projects in Africa.

DP World also successfully closed the 100% acquisition of Drydocks World (Drydocks).

People development was the other key area of focus through association with the Erasmus University in Rotterdam, to develop a strategic skills development programme and the 20Xel programme to recruit the brightest of the UAE nationals for future leadership roles, it said.

DP World Group chairman and CEO Sultan Ahmed Bin Sulayem said: "2018 was a successful year and a period of strategic growth for DP World in diverse fields. We made major strides in our evolution into a company that focuses on smarter trade to make lives better through data-driven logistics. Innovation, with an eye on future trade solutions and acquisitions designed to expand our global business footprint, was key.

"Our sustained interest in tomorrow’s trade enabling technologies saw us taking a leadership role in Virgin Hyperloop One, our partners in developing DP World Cargospeed, the high-speed transport system that will revolutionise the way we do trade. Simultaneously, we ended the year by embracing an existing technology to deliver a quantum leap in container stacking and storage in our flagship Jebel Ali Port. On its successful completion, we plan to adopt it across our other terminals."

Bin Sulayem added: "Our partnerships and acquisitions too gathered pace in a wide range of locations and sectors. The $3 billion investment platform in India with the government’s National Infrastructure Investment Fund (NIIF) saw us acquire Continental Warehousing Corporation (Nhava Sheva) Ltd. Complementary businesses were also added to our global portfolio in Peru and in Europe with the Unifeeder Group.

"Our activity in Africa gathered pace as we signed an agreement with the Suez Canal Economic Zone (SCZone) to implement the first phase of an integrated industrial and residential zone in Sokhna, Egypt. We will also soon build and operate a 1,000-hectare modern logistics hub outside of Bamako in the Republic of Mali. In the Democratic Republic of Congo, we announced a new concession for the management and development of a greenfield multi-purpose port at Banana, the first deep-sea port in the country along its small coastline of 37 km."

Ethiopia became a shareholder of the Port of Berbera as the company invested in infrastructure to develop the Berbera Corridor as a trade gateway for the landlocked nation, which is one of the fastest growing economies in the world. Construction began on the expansion works in Berbera and DP World looks forward to helping the region develop its economic potential, it said.

Elsewhere, DP World’s activities in Kazakhstan developed as it signed two framework agreements to run Special Economic Zones (SEZ) in Aktau and Khorgos which act as primary transit points for trans-Eurasian cargo trains. DP World acquired a 51% stake in the Khorgos SEZ and 49% in the Aktau SEZ, with both facilities playing an important role in enhancing trade connectivity along the New Silk Route.

In the Americas, DP World agreed on terms for the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal on the Pacific Coast of Canada. In Europe, a new cruise passenger terminal at DP World Limassol opened providing world-class facilities and services for passengers.
Bin Sulayem concluded: "Despite the challenging global economic uncertainties, we have experienced continued revenue growth by focusing on high-value cargo, operational efficiencies and consistently delivering value to our customers through smart solutions. We are committed to continue to build on the gains of the past year as we enter 2019."

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
SEDD, US Consulate-General discuss Intellectual Property rights
2
UAE Embassy in Korea hosts reception on Monday featuring World EXPO 2020 when preparations hit top gear
3
City Center Almaza in Cairo
4
Mohammed bin Rashid, Mohamed bin Zayed discuss national issues
5
Chinese FM Wang Yi calls for joint efforts for regional peace, stability
6
UAE has adopted technologies of Fourth Industrial Revolution: Badr Al Olama
7
Dubai Islamic Economy Development Centre expands network of strategic partners in GCC region
8
Senior N.K. official warns Pyongyang could resume war of words against U.S.
9
Prosecution raids Cheong Wa Dae office over probe into ex-vice mayor
10
LG Chem, GM to set up EV battery JV in U.S.
Photo News Green Biz
Environmentally Distinctive House initiative launched
Environmentally Distinctive House ...
min
Masdar to bring solar power to 'off-grid' communities around the world
Masdar to bring solar power to 'of...
min
ADNOC ranked amongst five lowest GHG emitters in oil and gas industry
ADNOC ranked amongst five lowest G...
min
World Green Economy Summit 2018 concludes
World Green Economy Summit 2018 co...
min
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Photo News Sports
Mohamed bin Zayed receives Khabib Nurmagomedov, congratulates him on winning UFC in Abu Dhabi
Mohamed bin Zayed receives Khabib ...
min
Heated start for President’s Jiu-Jitsu Cup Championship
Heated start for President’s Jiu-J...
min
Four Emirati golfers participating in Asia-Pacific Amateur Championship
Four Emirati golfers participating...
min
Taiwan shuts out Japan to clinch U-12 Baseball World Cup title
Taiwan shuts out Japan to clinch U...
min
Mohammed bin Rashid receives trophy from Queen Elizabeth II on historic Royal Ascot win
Mohammed bin Rashid receives troph...
min
(U20 World Cup) S. Korea's Lee Kang-in wins Golden Ball as tournament MVP
(U20 World Cup) S. Korea's Lee Kan...
min
Taiwan recurve women's team win gold at Archery World Cup
Taiwan recurve women's team win go...
min
Dodgers' Ryu Hyun-jin wins 7th game of '19, has scoreless streak snapped at 32 innings
Dodgers' Ryu Hyun-jin wins 7th gam...
min
Photo News World
Mohamed bin Zayed receives Khabib Nurmagomedov, congratulates him on winning UFC in Abu Dhabi
Mohamed bin Zayed receives Khabib ...
min
Heated start for President’s Jiu-Jitsu Cup Championship
Heated start for President’s Jiu-J...
min
Four Emirati golfers participating in Asia-Pacific Amateur Championship
Four Emirati golfers participating...
min
Taiwan shuts out Japan to clinch U-12 Baseball World Cup title
Taiwan shuts out Japan to clinch U...
min
Mohammed bin Rashid receives trophy from Queen Elizabeth II on historic Royal Ascot win
Mohammed bin Rashid receives troph...
min
(U20 World Cup) S. Korea's Lee Kang-in wins Golden Ball as tournament MVP
(U20 World Cup) S. Korea's Lee Kan...
min
Taiwan recurve women's team win gold at Archery World Cup
Taiwan recurve women's team win go...
min
Dodgers' Ryu Hyun-jin wins 7th game of '19, has scoreless streak snapped at 32 innings
Dodgers' Ryu Hyun-jin wins 7th gam...
min
Photo News Opinion
S. Korea issues cold wave alert for Seoul, central regions
S. Korea issues cold wave alert fo...
min
Moon vows unswayed push for peace, innovation, fairness in remaining presidency
Moon vows unswayed push for peace,...
min
S. Korea to strive to attain higher economic growth in 2020
S. Korea to strive to attain highe...
min
Moon to meet party leaders amid political stalemate
Moon to meet party leaders amid po...
min
S. Korea announces first female two-star general
S. Korea announces first female tw...
min
S. Korea deports 2 N. Korean criminals to home country
S. Korea deports 2 N. Korean crimi...
min
3 bodies found at crash scene of chopper near Dokdo islets
3 bodies found at crash scene of c...
min
Rescuers find crashed chopper, body of presumed victim near Dokdo
Rescuers find crashed chopper, bod...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com