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DP World Chairman Expects Global Trade to Remain Resilient

March 21, 2017 12:05 am Published by

Sultan bin Sulayem, DP World’s chairman, has said that DP World expects global trade "to remain resilient, even in an era where there is much discussion about protectionism and increasing trade barriers."

For the past year, the ports operator's profit attribut­able to its parent company, on a reported basis, was US$1.12 billion; a 27.6 percent increase on the $883 million generated in 2015. Gross throughput at DP World's ports increased by 3.2 per cent during the year to $63.7 billion. This figure is above the industry average forecast of 1.3 percent by analyst Drewry.

DP World is planning to spend up to $1.2 billion on its port network this year, expanding capacity at Jebel Ali in Dubai, London Gateway, Dakar (Senegal), Port Rupert (Canada) and Berbera (Somaliland).

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