Dubai's DP World confirms $2.5b in 2025 funding for overseas projects

Dubai: The Dubai ports and zones operator DP World is committing a massive $2.5 billion on overseas infrastructure projects, including in India and Europe this year.

Other markets that will see DP World funding come through are Africa and South America, where the company already has significant assets on the ground. The $2.5 billion funding is 'in response to rising demand for resilient, integrated supply chain solutions'. 

"The four major developments – across four continents – extend DP World’s end-to-end capabilities, significantly expanding capacity in its network," said a statement. 

According to Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, “Global trade is evolving fast, and we are investing boldly to shape its future.

"Despite short-term uncertainty, this $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected. 

 “Nobody can match us for the diversity and breadth of our supply chain solutions.”  

* Construction of a new $510 million terminal at Tuna Tekra in Gujarat. Featuring a 1.1 km berth and annual capacity of 2.19 million TEU, the 'terminal will connect India’s vast hinterland to global markets through a network of roads and railways, enabling faster, more efficient trade access for Indian businesses'. 

* At the London Gateway logistics hub, DP World is investing $1 billion to build two new shipping berths and a second rail terminal. The expansion will create 400 new jobs.

* DP World is building a new deep-sea port at Banana in the Democratic Republic of Congo (DRC). The 450,000 TEU a year facility on the DRC’s Atlantic coast will 'bring significant cost and time savings for the country's trade', as it will attract more direct calls from larger vessels from Asia and Europe. 

 * Work is already underway on the new 1.2 million TEU a year Ndayane Port in Senegal. An initial investment of $830 million is being made in this project.

* At the Port of Posorja in Ecuador, DP World has initiated a $140 million berth expansion that will expand the dock to 700 meters, enabling it to accommodate two post-Panamax vessels at the same time.