Dubai - Mubasher: DP World injected more than $1 billion in investments in growing world trade opportunities in 2017.
The company explained in a statement that the investments contributed to diversifying its business and expanding its activity along the international supply chain.
Investments enabled the port operator to create new smart technologies through a number of acquisitions, by establishing technology partnerships and sustainable businesses.
In 2017, DP World expanded its operations to Prince Robert station in Canada, launched a new touristic station in Limassol, Cyprus, and started working in a new logistics centre in Kigali, Rwanda.
The Dubai-based company also started working on a new station project in Posorja, Ecuador, added South Korea’s Bousan to its stations portfolio, and launched Barbara Port in Somalia.
In late 2017, DP World acquired 100% of Embraport in Brazil.
Earlier this month, DP World revealed adopting the first plant for photovoltaic solar panels in the affiliated Jebel Ali Free Zone (JAFZA). Worth mentioning, JAFZA is a DP World subsidiary and houses 328 logistics companies from 29 countries from all over the world.
JAFZA achieved a 17% growth in its non-petroleum foreign trade to reach 27.9 million tonnes in 2016 against 23.9 million tonnes in 2015.
