The deal is expected to close by the first quarter of 2022
The transaction is subject to customary completion conditions
There are 174 companies within this sector in the free zone, employing 1,100 people
The port operator is working with advisers to gauge interest in the sprawling industrial park
DP World Limited handled 18.9 million TEU across its global portfolio of container terminals in the first quarter of this year
DP World Maspion East Java will become the sole operator of the container port with a design capacity of up to three million twenty-foot equivalent units
DP World has expressed interest in developing the southern terminal at Port Sudan
Jebel Ali in Dubai handled 3.4 million TEU in Q4 2020, up 0.3 percent year-on-year
The vaccination drive aims to cover over 10,000 employees and their families
DP World will invest $190m over the 20-year period which will increase the terminal’s annual throughput to approximately 700,000 TEUs per year
The logistics sector’s contribution to the UAE’s GDP is projected to increase by 8 per cent in 2021
DP World reiterated that it remains the legal operator and concession holder of the Doraleh Container Terminal
Josh Giegel, co-founder and chief technology officer, and Sara Luchian, director of passenger experience, were the first people to ride
The UAE last week signed an agreement to move toward establishing normal ties with Israel
Dubai-based DP World will set up a venture with Israel Shipyards Industries to participate in the tender for the port’s privatisation
The IPL 2020 cricket tournament is set to commence in the UAE from September 19
Transworld Feeders and Avana Global are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators
The platform will help simplify transactions of over 18,000 food-trading companies
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
The company has already processed more than 17,000 transactions for over 1,400 customers
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
As a key international trading partner, how is the region protecting its supply chain during the current crisis?
DP World aims to connect all of its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens
It has also created Digital Freight Alliance, an online association that brings freight forwarders globally onto one platform
Sellers can register on manasah.com for free
The biggest listed companies in the Gulf region by market capitalisation
The biggest listed companies in the Gulf region
The Dubai-based port operator made a profit of $247 million in the first half of the year.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
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