UAE - Mubasher: DP World has inaugurated the expansion of the main berth at the DP World Caucedo port terminal, as part of its growth plan in the Dominican Republic, Dubai media office reported.
Through the expansion project worth $114 million, DP World Caucedo seeks to transform the Dominican Republic into the principal logistics hub of the Americas.
The company has added to the terminal port 450 metres of the berth, along with the instalment of three Super Post Panamax and 5 RTG cranes.
The expansion has raised the port capacity from 1.2 million TEUs per year to 2.5 million TEUs per year.
The next phase of the expansion includes the construction of a 3 million square metre economic zone for manufacturing at Caucedo to attract foreign investments.
The President of the Dominican Republic, Luis Abinader, said: "Only with this expansion and the integration of the land, DP World will generate more than 4,500 direct jobs."
The CEO and Chairman of DP World, Sultan Ahmed bin Sulayem, noted: "We have already invested more 600 million dollars in Punta Caucedo, and we are committed to continuing to make long-term investments."
