DP World

More than 80 per cent of world merchandise trade by volume is transported by sea, while maritime networks carry an estimated $14tn worth of containerised goods

The industrial park is also intended to support Kenyan suppliers and small and medium-sized enterprises (SMEs)

The company invested $1.5bn across its global portfolio during the first half and maintained its full-year capital expenditure forecast of about $3bn

The warehouse has been designed to serve consumer goods, industrial products, automotive, retail and technology sectors

Located on the Gulf of Oman, the emirate has continued to expand its role in international shipping, with the latest investment expected to bring additional business activity, employment opportunities and long-term economic growth

The endorsement comes days after it emerged that Sultan Ahmed bin Sulayem had assumed direct operational leadership of MMC Port Holdings

DP World, one of the world’s largest port and logistics companies, said on February 13 that Bin Sulayem had resigned with immediate effect

The trucks are being deployed progressively across DP World’s regional operations and will complement the company’s existing road transport network

The facility will feature approximately 12-metre clear-height storage, temperature-controlled areas, dedicated dangerous goods storage, office space and supporting operational amenities

Last year in May, DP World signed a MoU with the Dominican Republic government to support the expansion of the port and free zone complex