Terminal operator DP World is looking to invest up to $1bn in India in the coming years with a focus on developing infrastructure around existing ports, according to the group’s chairman, Sultan Ahmed Bin Sulayem.
The overall sluggish shipping market of today can look forward to the One Belt One Road (OBOR) initiative as a long term catalyst for growth, industry players from the financial sector have shared.
DP World-operated Chennai Container Terminal in India has enhanced its infrastructure to facilitate smooth movement of empty trailers to and from the terminal, helping to eliminate congestion.
DP World has issued a warning that more sophisticated financing methods will be required if Africa is to benefit from the infrastructure transformation that would put its economies on sounder footing.
Saudi Arabia is investing $30bn in seaport infrastructure development as part of its current five-year plan through a number of mega-infrastructure land and marine projects, according to a senior consultant to the Saudi Ports Authority.
Peel Ports’ GBP350m ($591m) Liverpool2 terminal will play a key role in “rebalancing” the economic disparity between Britain’s North and South, according to a UK report.