DP World to invest $2.5b to expand logistics network

Major projects will be launched in various areas, including India.

DP World has announced a $2.5b investment to expand its global logistics network, with major infrastructure projects in India, Africa, South America and Europe.

“We are building a unique array of assets and suite of capabilities, helping our customers stay competitive, support local economies and enable global access,” said Sultan Ahmed bin Sulayem, chairman and group CEO of DP World.

Specifically in Asia, the company is currently building a $510m terminal at Tuna Tekra in Gujarat on India’s northwestern coast. It will have a 1.1 km berth and an annual capacity of 2.19 million twenty-foot equivalent units (TEU).

DP World is also developing a new deep-sea port at Banana in the Democratic Republic of Congo (DRC). The 450,000 TEU a year facility “will bring significant cost and time savings for the country's trade, as it will attract more direct calls from larger vessels from Asia and Europe, boosting economic growth across the region.”

The company is also working on the $830m Ndayane Port in Senegal with a capacity of 1.2 million TEU annually. At the Port of Posorja in Ecuador, DP World has initiated a $140m berth expansion that will expand the dock to a total of 700m, enabling it to accommodate two post-Panamax vessels at the same time.

At the London Gateway logistics hub, DP World is investing $1b to build two new shipping berths and a second rail terminal.