The Dubai port operator said it would offer $502m for 100 per cent equity ownership
The two companies formed the venture in late 2016
The technology will be applied at DP World’s Jebel Ali Terminal 4 in time for Dubai’s hosting of the 2020 World Expo
The company said it is targeting businesses, entrepreneurs and consumers
The UAE’s trade with Iran is expected to decline this year and next year due to the sanctions
The free trade warehousing zone is expected to be operational by 2020
The zones will offer businesses a series of incentives including tax exemptions
The company also increased UAE prices by the same percentage in 2017 and 2018
Samir Chaturvedi is a former SVP at Jebel Ali Free Zone
Gulftainer plans to invest up to $600m in the port
DP World said in August that it had sought and obtained protection of its interest in the terminal
The new company will operate out of 18 countries
Recent changes in trade policies and geopolitical headwinds in some regions could impact trade, the company said
The move came after Canada’s foreign ministry urged Riyadh to release arrested civil rights activists
The government of Djibouti seized the Doraleh Container Terminal from DP World in February
Construction of the first phase of the 10 sqkm hub will start next year
The market, spread over an area of three million square metres, will host traders from all over the world
Ethiopia has invested in DP Worlds’ Berbera port project
Agility will also provide solutions for Egyptian customs at the port
The expansion will increase capacity from 1.35 million TEUs to 1.8 million
CAM owns logistics service businesses Neptunia and Triton Transport and a 50 per cent stake in Peru’s second largest container terminal
The three will bid for the government contract for the depot
DP World is driving the emirate’s efforts to be a leader in global trade
DP World said the opening would allow the largest cruise ships in the world to visit Cyprus
A Middle Eastern feud is driving the desire to control the Horn of Africa
The firm handled 17.6 million twenty-food equivalent units (TEUs) in the first three months of a year
The comments come amid a diplomatic row between the volatile Horn of Africa nation and the UAE
DP World said the deals would provide it with new revenue opportunities
Djibouti abruptly ended DP World’s contract to run the Doraleh Container Terminal last month
Revenue increased 13.2 per cent to $4.7bn