Home Industry Logistics DP World acquires 58% equity stake in Turkey’s Evyap Port The partnership will aim to enhance supply chain solutions in Turkey by Gulf Business August 30, 2023 Image: WAM/ DP World DP World and Turkey’s (Türkiye) Evyap Group will form a strategic equity partnership between DP World Yarimca Port and Evyap Port. The partnership aims at bolstering and expanding trade infrastructure by focusing on improving container port facilities and efficiencies in the Marmara gateway market. Following the completion of the transaction, DP World will own 58 per cent of Evyap Port and Evyap Group will own 42 per cent of DP World Yarimca. The new business will be named DP World Evyap Port, the state news agency, WAM, reported. The transaction remains subject to regulatory approvals. DP World Evyap Port will enhance trade flow The partnership will aim to enhance supply chain solutions in Türkiye. The partnership will aim to reduce turnaround times, enhance security and widen service offerings, supporting overall trade. In other news, DP World signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast. The concession agreement was signed on August 25. Tags DP World Evyap Group Logistics Port trade Turkey UAE 0 Comments You might also like UAE announces remote work for public sector workers, MoHRE advises flexible work for private sector Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn UAE central bank’s foreign assets up Dhs203bn in February 2024 UAE announces petrol, diesel prices for May 2024