DP World has celebrated 10 years of public listing on the Dubai Financial Market (DFM).
Dubai-based DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP), the group announced.
Adm. Mohab Mamish, chairman of the Suez Canal Authority and Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, group chairman and ceo of DP World, have unveiled further details of the joint plan to develop a special economic zone around Sokhna on the Egyptian Red Sea coast.
DP World is to build a new 400 m berth at the port of Caucedo in the Dominican Republic.
Terminal operator DP World is buying both Drydocks World and Dubai Maritime City (DMC) for $405m increasing its position in the marine services market.
DP World is to quit Indonesia’s second largest port – Surabaya – after its current contract comes to an end in 2019.
The President of Ecuador Lenin Moreno and DP World group chairman and ceo, Sultan Ahmed Bin Sulayem attended the groundbreaking ceremony for the beginning of construction of the green field multi-purpose port project at Posorja, Ecuador.