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DP World to invest up to $1.9 billion this year

Dubai-based DP World plans to nearly double its investments this year as the world’s fourth-largest port operator increases its capacity by more than 14 per cent.

Chairman Sultan Ahmed bin Sulayem said there are plans to spend between $1.4bn and $1.9bn in 2015, compared with $1bn last year. The operator will invest between $500mn and $700m from 2016 to 2020.

Capacity at DP World will rise to more than 80 million twenty-foot equivalent units this year from 70 million units last year through expansions in Dubai, Turkey, Rotterdam and India.

From Arabian Supply Chain

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