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Dubai, March 26 / DP World Group (DB World) has invested more than $10 billion (37.3 billion UAE dirhams) in the global logistics services sector since 2012, as part of Dubai’s continuous pursuit of shaping the future, which places it among the top five investors in the world. According to the latest foreign direct investment data issued by a group of international investment advisors around the world.
This stems from Dubai’s position as a center for global logistics services and a strong engine for the growth of trade and industry regionally and globally, which supports the emirate’s global logistics network, which contributes to enhancing business growth, providing competitive advantages and more and faster growth and expansion opportunities for local and international companies.
In its latest report on direct investments in logistics, FDI Intelligence, a subsidiary of the Financial Times, announced its list of the top five companies for 2022.
DB World ranked fifth in the world among all companies in the total value of direct investments allocated to the logistics sector globally.
DB World’s total investments in logistics services during the past year amounted to $320 million (AED 1.18 billion), despite the challenging economic conditions and declining demand for logistics services in light of the global economic slowdown. The list of the top five includes other companies such as “Amazon”, the American e-commerce giant, and the Danish company “AB Moller-Maersk”. “DB World” came on the list as the only company outside the United States of America or Europe.
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World Group (dbworld), said: “The data published by FDI Intelligence highlights our distinguished global position in the logistics services sector, not only in the past year, but also on an ongoing basis. Over the past decade, companies operating in the field of logistics services touch the daily lives of people around the world, where the impact is sometimes felt, and other times we work invisibly to ensure that individuals and companies get the goods and commodities they need.. Our advanced infrastructure provides business opportunities Untapped, contributes to the development of economies, and provides commodities at reasonable prices for all.. Our investment in developing economies contributes to making the flow of trade movement more streamlined around the world, facilitating the acceleration of economic growth for these countries, attracting foreign investments, and generating thousands of jobs, which enhances the quality of life for societies “.
The latest research study for the Trade in Transition Report in January, commissioned by DB World in partnership with The Economist Impact, reveals that major shifts are emerging in globalization, with firms rapidly moving their manufacturing facilities to neighboring countries. markets to its consumers in order to protect its businesses from supply chain disruptions, while increasing protectionist policies are dividing the world into trading blocs.
The results of the study indicated that 96% of the companies participating in the study confirmed that they are making changes in their supply chains as a result of geopolitical events.
A key priority for dbworld in 2022 is to expand its strategic partnerships to unlock the potential of commerce around the world.
The group strengthened its relationship with the National Investment and Infrastructure Fund of India to raise investments of about US$ 300 million (AED 1.1 billion) and established a new investment platform with British International Investments to accelerate investment in Africa and unleash its business potential.
The African continent is one of the main areas of focus for DB World with the development of the Port of Nadiane in Senegal, and marks the beginning of the group’s huge investment of US$ 1 billion, which is the largest investment in the port sector in Africa, and the largest private sector investment in a project One in the history of Senegal.
The port of “Dakar”, which is located near the port of “Ndayan”, contributed to an increase of 10% in the gross domestic product of Senegal, which will consolidate its position as a leading trade center in West Africa, which will enhance the development process in the country during the next century.
Plans to expand port operations capabilities are progressing further at the port of Cocedo in the Dominican Republic, and the expansion of the port of Callao in Peru will also create one of the largest single container terminals in South America when the project is completed later this year.
The United Kingdom has emerged as another major destination for investment. Over the past decade, the DB World Group has invested two billion pounds (8.99 billion dirhams) to support the creation of thousands of jobs. It has worked to allocate an additional investment of one billion pounds sterling for the next decade. Of which 350 million pounds sterling was spent to construct a new fourth berth at London Gateway, which is still under construction.
Furthermore, DB World is constructing new infrastructure at the port of Constanța in Romania, including a new container terminal for ro-ro goods, in order to turn it into one of the most important shipping and port vehicle hubs and terminals on the Black Sea, as a major gateway trade in Eastern Europe.
