DP World to develop UK £ 1.5 Billion London Gateway Project

The London Gateway project, to be executed by the group's flagship company, DP World, will include a world-class port capable of handling the largest deep-sea container ships, as well as the UK's largest business park.

Mr Bin Sulayem announced DP World's commitment during a visit to the London Gateway port and logistics business park site, located at formal Shell Haven oil refinery in Thurrock, Essex over the weekend.

He was accompanied by a senior delegation from DP World, one of the top three marine terminal operators in the world that included Dubai World Vice Chairman Jamal Majid Bin Thaniah and Mohammed Sharaf, CEO, DP World.

Mr Bin Sulayem met senior management officials from London Gateway who briefed him on the development of the project and visited the location of the proposed port and park site.

Mr. Bin Sulayem, expressing his support for the project, said:

'After visiting the London Gateway site, we have realized the vital significance of this project for the British economy as well as for DP World. We are fully committed to this project and believe it will enhance the value we offer our customers due to its proximity to the UK's largest consumer market as well a unique combination of facilities provided by the port and park together.'

The 1500-acre site located strategically in the county of Essex, will include the construction of the UK's largest multimodal business and logistics park, with DP World working in collaboration with Shell.

The London Gateway developments expect to generate over 14,000 new jobs and will contribute significantly to the British Government's wider Thames Gateway regeneration programme.

Simon Moore, Chief Executive, London Gateway, said: 'We are delighted that our chairman, Mr Bin Sulayem, along with other senior colleagues from DP World visited the site. Support from our shareholder has always been clear and the visit enabled the team to gain a first hand impression of the fantastic opportunity to the region and the UK that London Gateway represents. The project will represent an investment by DP World of £ 1.5 Billion into major UK infrastructure development.'

In addition to the various services that will be offered to customers at the port, London Gateway will also cater to the national need for additional deep-sea port capacity in the UK.

Mohammed Sharaf, CEO, DP World, said: 'The visit to London Gateway was a valuable opportunity for us to meet with the very motivated team and to reaffirm our commitment to an initiative that is of real importance to DP World. London Gateway is an exciting project that is of global significance to maritime and logistics business and one that we are committed to seeing through to a successful completion.'

DP World's proposals include a 2,300-meter long container quay with a fully developed capacity of 3.5 million TEU (standard container units) a year. It will provide quality services designed to enhance customers' supply chain efficiency, including bringing together container and other terminals, free zones, logistics facilities, infrastructure developments and consultancy where these services add value for customers.