#DP World
The expansion brings the total area of Jafza Logistics Park to more than 922,000 square feet
The company reported that net profit for the year was $1.5bn, down 2 per cent, primarily due to higher finance costs
The expansion has also introduced automated and electrified yard cranes, while the number of quay cranes is set to increase from 14 to 17 by the end of 2025, and eventually to 22 as capacity expands to 5 million TEUs
According to DP World, 15.5 million TEUs and 5.4 million metric tonnes of breakbulk cargo handled in 2024
The US leader substantially raised tariffs on steel and aluminium imports on Monday to a flat 25 per cent
DP World aims to reduce the cost of trade settlements, increase transparency and shorten transaction times for cross-border payments
The company’s capacity has expanded by 33 per cent, driven by a combination of global expansion projects, including greenfield developments and acquisitions
Dubai’s automotive market will connect to 77 ports managed by DP World globally and is expected to double the emirate’s current automotive sales from Dhs6.8bn to Dhs13.6bn
The blue bond, priced at a 5.25 per cent coupon rate for a five-year term, will directly contribute to advancing two critical United Nations Sustainable Development Goals
The port is expected to boost Senegal’s GDP by 3 per cent, increasing trade flows and potentially adding $15 bn in trade value by 2035
The investment would add two more berths, increasing capacity by 50 per cent and bringing DP World’s total employment there to 1,600
Dubai Maritime City’s ship handling capacity more than doubled from 400 to 1,000 vessels per year
Trade finance solutions will enable businesses to move their goods faster and improve their working capital while enabling the flow of trade
The VP of HSE (Health, Safety, and Environment) Operations in the GCC exemplifies the growing influence of Emirati women in leadership
With a draft of 17.5 metres, the port will be capable of receiving large container vessels, ultimately reducing trade costs in the DRC by 12 per cent
Revenue for the period ending June 30, increased by 3.3 per cent to $9.34bn, driven primarily by strong growth in its Ports and Terminals segment
The planned logistics hub aligns with the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy to $8.7tn, by 2033
This strategic move aims to leverage DP World’s global network to enhance the market’s connectivity with 77 ports worldwide
The partnership aims to attract shipping companies to establish additional maritime routes and encourage cooperation through slot exchanges and vessel space purchases
Maalexi’s digital platform allows thousands of UAE-based SMEs to procure food and agricultural products more safely, quickly and cost-effectively
The groundbreaking follows on the heels of DP World opening freight forwarding offices in Dammam, Jeddah and Riyadh
Once at full operational capacity, the initiative will save up to 14,600 tonnes of carbon dioxide equivalent annually and 158 tonnes of nitrogen oxides annually
The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers
In 2023, DP World’s Jebel Ali Port handled over 4.35 million tonnes of breakbulk cargo, adding to the 40 million tonnes handled over the last decade for local and international clients
Agri Terminals will be Dubai’s largest multi-tenant facility for integrated agricultural processing and silo storage
The MOUs cover the development of new ports, terminals, and economic zones in the Indian state
The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio
DP World has committed to becoming carbon neutral by 2040 and net zero carbon by 2050
The route is made viable by the melting of Arctic sea ice due to climate change
DP World will initially invest more than $250m to upgrade the port and the investment could increase to $1bn during the concession period