DP World, a UAE-based company, has invested more than US$10 billion in the global logistics sector since 2012, ranking among the top five foreign investors during that period. Although the demand for logistics services is slowing along with the global economy, DP World has invested US$320 million in the last year alone. The figures were reported by the Emirates News Agency, citing the latest FDI data.
DP World is the only company in the top 5 that is not based in the US or Europe. Other companies in the group include Amazon and Danish AP Moller Maersk. DP World CEO Sultan Ahmed bin Sulayem commented on the data, stating that they have demonstrated the company’s global position in the logistics sector not just over the past year but continuously over the past 10 years.
DP World’s investments in the logistics sector have enabled the company to touch the lives of people around the world every day by ensuring people and businesses get the goods they need. The company’s infrastructure opens up untapped trade opportunities, fuels the economy and makes goods more affordable. By investing in developing countries, DP World helps drive trade, fuel economic growth, attract foreign investment and create thousands of jobs, improving the quality of life for all.
According to a study commissioned by DP World and led by Economist Impact, 96 percent of companies are changing their supply chains due to geopolitical events. In response, DP World’s priorities for 2022 include expanding its partnerships to realize this trade potential. The company has strengthened its partnership with India’s National Investment and Infrastructure Fund to raise around US$300 million and established a new platform with British International Investment to accelerate work in Africa.
The African continent has been a key area of focus for DP World, with the construction of the Port of Ndayane in Senegal marking the start of a $1 billion investment. DP World’s investments in the logistics sector demonstrate its commitment to global trade and economic growth, as well as its ability to adapt to changing geopolitical events and supply chain disruptions.