DP World has invested more than $6 billion to transition into a comprehensive global supply chain entity, revealed Sultan Ahmed bin Sulayem, the company’s CEO. Speaking at the 21st Arab Media Forum in Dubai during a session titled ‘Trade in a Changing World’, moderated by Egyptian writer and journalist Imad Eddine Adib, Bin Sulayem discussed DP World’s shift from a traditional port operator to a significant player in the global supply chain.
Bin Sulayem highlighted DP World’s commitment to delivering exceptional service to cargo owners, ensuring punctuality and cost-effectiveness. This commitment led to the company expanding its services across the entire supply chain, evolving into a global leader in smart end-to-end supply chain logistics. The transformation involved a substantial investment exceeding $6 billion, including acquisitions of companies spanning various supply chain segments worldwide, from warehouse storage to transportation. Notably, DP World now stands as India’s largest transportation company, following the privatization of the sector by the Indian government, even owning a significant rail network for goods transportation within the country.
Emphasizing the industry’s gradual evolution, Bin Sulayem noted DP World’s investment in every aspect of the supply chain, leading to the company’s reputation for exceptional efficiency. Additionally, he discussed DP World’s involvement in recent agreements, such as the G20 initiative to link Middle Eastern countries by railway and connect them to India through sea ports, aiming to expedite the delivery of goods and introduce new alternative routes.
Bin Sulayem highlighted DP World’s substantial investments in Jebel Ali Port, positioned to serve as the cornerstone of the new trade corridor. With world-class infrastructure and connections, the port caters to a market of 3.5 billion people across various regions.
DP World’s operations extend across 73 countries globally, with significant ventures outside the UAE, including operations in Saudi Arabia, Egypt, and Algeria. The company has focused on modernizing terminals and investing in logistics parks to support the vision of Saudi Arabia 2030. Additionally, DP World launched the first direct freight service between the UAE and Iraq earlier this year, significantly reducing transportation time from two weeks to just 36 hours.
