Group has invested AED 37.3 billion in the sector since 2012

Financial Times: DP World fifth in logistics investments globally

  • DP World has invested AED 8.99 billion in the UK. From the source

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DP World has invested more than $10 billion (Dh37.3 billion) in global logistics since 2012, placing it among the top five investors globally, according to the latest foreign direct investment (FDI) data from a group of international investment advisors around the world.

Fifth place

In its latest report on direct investments in logistics, FDI Intelligence announced the list of the top five companies for 2022, with DP World ranked fifth globally among all companies in the total value of direct investments allocated to the logistics sector globally.

DP World's total investment in logistics last year totaled $320 million (AED 1.18 billion), despite challenging economic conditions and declining demand for logistics amid a slowing global economy.

The top five include other companies such as Amazon, the US e-commerce giant, and Denmark's A.P. Muller-Maersk, while DP World was the only company from outside the United States or Europe.

Global Standing

Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said: "The data published by FDI Intelligence highlights our outstanding global position in the logistics sector, not just last year, but continuously over the past decade.

"Logistics companies touch people's daily lives around the world, sometimes the impact is felt, sometimes we work invisibly to ensure that individuals and businesses have the goods they need, while our advanced infrastructure provides untapped business opportunities, contributes to the development of economies, and the availability of affordable goods for all."

Bin Sulayem continued: "Our investment in developing economies contributes to making the flow of trade more streamlined around the world, facilitating the acceleration of economic growth for these countries, attracting foreign investment, and generating thousands of jobs, enhancing the quality of life for societies."

Major transformations

The latest research study of Trade in Transition in January, commissioned by DP World in partnership with Economist Impact, revealed major shifts in globalization, with companies moving their manufacturing facilities adjacent to consumer markets to protect their businesses from supply chain disruptions, while increasing protectionist policies are dividing the world into trade blocs.

The results of the study indicated that 96% of the companies participating in the study confirmed that they are making changes in their supply chains as a result of geopolitical events.

Expanding partnerships

One of DP World's key priorities in 2022 was to expand its strategic partnerships, strengthen its relationship with India's National Investment and Infrastructure Fund to raise investments of around $300 million (Dh1.1 billion), and created a new investment platform with British International Investment to accelerate investment in Africa.

Africa

The African continent is one of DP World's main focus areas, with the development of the port of Ndayane in Senegal, marking the beginning of the Group's billion-dollar investment, which is the largest investment in the port sector in Africa.

The port of Dakar, located close to Ndayane, contributed to a 10% increase in Senegal's GDP.

Plans to expand port operations are also progressing further at the Dominican Republic's port of Cuscedo, and the expansion of the Port of Callao in Peru will create one of the largest single container terminals in South America when the project is completed later this year.

London Gateway Harbour

Over the past decade, DP World has invested £8 billion (Dh99.350 billion) to support the creation of thousands of jobs. It has also committed an additional £<> billion investment for the next decade, of which £<> million has been allocated for a new fourth berth at London Gateway Harbour, which is still under construction.

DP World is building new infrastructure at the port of Constanta in Romania, including a new container terminal for RoRo cargo, to turn it into one of the most important shipping hubs, port vehicles and terminals on the Black Sea.