Middle East

DP World ready to splash the cash

Dubai: DP World will nearly double its investments this year as the terminal operator looks to up capacity across its worldwide terminals by 14%.

DP World will spend up to $1.9bn this year, up by $900m from the year before, according to chairman Sultan Ahmed bin Sulayem.

Expansions at terminals in Jebel Ali, Turkey, Rotterdam and India should see the group’s throughput top 80m teu in 2015, keeping it on track to hit its 2020 goal of 100m teu.  [04/01/15]

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