DP World will invest $2.5 billion towards major infrastructure projects across India, Africa, South America and Europe in response to rising demand for resilient, integrated supply chain solutions.
Construction is underway on a new $510 million terminal at Tuna Tekra in Gujarat on India’s northwestern coast.
Featuring a 1.1 kilometre (km) berth and annual capacity of 2.19 million TEU, the terminal will connect India’s vast hinterland to global markets through a network of roads and railways, enabling faster, more efficient trade access for Indian businesses, according to DP World.
DP World is moving ahead with the development of the new deep-sea port at Banana in the Democratic Republic of Congo (DRC).
The 450,000 TEU a year facility on the DRC’s Atlantic coast is slated to bring significant cost and time savings for the country’s trade, as it will attract more direct calls from larger vessels from Asia and Europe, boosting economic growth across the region, reported DP World.
Further up the West African coast, work is already underway on the new 1.2 million TEU a year Ndayane Port in Senegal.
An initial investment of $830 million is being made in this strategically vital project, which will support the country’s development for the rest of the century.
At the Port of Posorja in Ecuador, DP World has initiated a $140 million berth expansion that will expand the dock to a total of 700 metres, enabling it to accommodate two post-Panamax vessels at the same time.
Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “Global trade is evolving fast, and we are investing boldly to shape its future. Despite short-term uncertainty, this $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected.
“We are building a unique array of assets and suite of capabilities, helping our customers stay competitive, support local economies and enable global access. Our integrated model gives us visibility and control across the entire supply chain, helping our partners reduce risks and costs.”
More about DPWorld here: https://www.dpworld.com/
https://couriernews.co.uk/blog/dp-world-unveils-2-5-billion-logistics-investment/