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DP World investing $165 million in Romanian port development

Dubai-headquartered DP World is building up its presence in Romania with three new locations.

Michele Labrut, Americas Correspondent

May 17, 2024

1 Min Read
D P WORLD ROMANIA
Photo: DP World

The new facilities are designed to improve the connectivity between DP World’s existing sea, rail, barge and truck services across Romania, whilst enhancing the movement of goods between mainland Europe through to the Black, North and Adriatic Seas.

DP World has invested over $271 million in Romania since 2004, including grants from the European Union. The company anticipates that its latest investments will encourage and enable major businesses to relocate or expand manufacturing facilities in the region.

The largest container port on the Black Sea, Constanta will have two new facilities after a $70.5 million investment.  These include a 5-hectare project cargo terminal designed for heavy, large, and complex cargo, as well as a new ro-ro terminal capable of handling up to 80,000 vehicles annually at its peak.

According to DP World, a further $54.2 million will be invested in a new multi-transport platform in Constanta that will open in 2025.

The company opened its third new facility on 15 May in Aiud, the industrial heartland of Romania. The new 8-hectare intermodal logistics hub will connect rail and road, following a $22.7 million investment.

“Romania is a dynamic economy and well positioned to benefit from the rise in nearshoring and manufacturing,” said Rashid Abdulla, CEO and Managing Director of DP World Europe,

Related:DP World makes first foray into landlocked Laos

“DP World looks forward to building on our long-standing relationship with Romania, and to deploying our latest investments to support Romania as it plays an increasingly important role in trade and economic growth in the region.”  

“Our latest investments in Romania will increase the cargo flows by around two million tonnes per annum through the country,” added Cosmin Carstea, CEO of DP World Romania.

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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