Global logistics specialist DP World has announced it will invest US$2.5bn this year to expand its network, with major infrastructure projects planned in India, Africa, South America and Europe.
The projects will extend DP World’s end-to-end capabilities in response to rising demand for resilient, integrated supply chain solutions, according to the company.
Sultan Ahmed bin Sulayem, chairman and group CEO of DP World, commented, “Global trade is evolving fast, and we are investing boldly to shape its future. Despite short-term uncertainty, this US$2.5bn commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected.
“We are building a unique array of assets and suite of capabilities, helping our customers stay competitive, support local economies and enable global access.”
The company is currently constructing a new US$510m logistics terminal at Tuna Tekra in Gujarat on India’s northwestern coast that will have an annual capacity of 2.19 million TEU (20ft-equivalent units).
DP World is also developing a new 450,000 TEU a year deep-sea port at Banana in the Democratic Republic of Congo (DRC); the 1.2 million TEU a year Ndayane Port in Senegal; and a US$140m berth expansion at Port of Posorja in Ecuador.
At the London Gateway logistics hub in the UK, DP World is investing US$1.3bn to build two new shipping berths and a second rail terminal.
The 2025 investments form part of DP World’s strategy to create a uniquely connected global platform, from ports and terminals to inland logistics, marine services, warehousing, freight forwarding and technology.
In related news, DP World announced in February that its new US$80m state-of-the-art Sokhna Logistics Park was nearing completion, with the site set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub. Click here to read the story in full