DP World invests US$ 2.5bn to fortify logistics infra

DP World has announced investment of US$2.5 billion to expand end-to-end logistics infrastructure worldwide, generating nearly 5,000 jobs across five countries, said Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World. Giving details, he said the projects include a new terminal at Tuna Tekra, a deep-sea port at Ndayane in Senegal, first deep-sea port at Banana, Democratic Republic of Congo, and inland rail facilities in India and Europe. DP World is advancing a US$1 billion expansion of London Gateway with new berths and a rail terminal, while in Latin America, Ecuador’s Posorja port is undergoing capacity upgrade, he added.