DP World - UAE records 17 per cent growth in 2006

The leading port operator attributed the increase to the strong economic development in the GCC region that has boosted demand for shipping services.

Mohammed Al Muallem, Senior VP & MD, DP World - UAE, said:

'It has been an exciting year for our company. We are proud of the strong results achieved in 2006. With increasing demand for shipping services in the GCC and strong growth forecasts for the global shipping industry, we are resolved to continue leveraging the abundant opportunities available.'

DP World - UAE reiterated its commitment to increasing satisfaction levels among its partners by continuing to implement international best practices and enhance infrastructure capabilities at its ports.

'Clear vision, strong financial discipline and successful project execution will continue to lead to a dynamic and enriched future for the company. DP World has achieved remarkable status as a leading international brand that sets the bench mark for excellence among global port operators,' added Al Muallem.

New expansion initiatives at Jebel Ali port will be a key driver for the company's growth in 2007, enhancing the port's capability by 5-6 million TEUs, bringing total capacity to 14-15 million TEUs by 2008.

'DP World has successfully established itself as the world's ideal gateway to customers looking to expand their global shipping and logistics reach. We strive to achieve the highest levels of efficiency, not only to meet the needs of our customers, but also to surpass their expectations. Our current expansion plans will further aid this commitment,' said Tariq Bin Khalifa, Commercial Director, DP World - UAE.

Guided by the Dubai Strategy Plan 2015, which was launched earlier this month by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Prime Minister and Vice President, and Ruler of Dubai, DP World - UAE has reiterated its commitment to increasing UAE nationals' participation in the company.

'As part of our growth strategy for 2007, DP World - UAE is investing in long-term plans for its work force. We are strongly focused on our commitment to the National labour force. This allows DP World - UAE to further contribute to the development of Dubai as a whole by synergising with the Dubai Strategy Plan 2015,' added Bin Khalifa.

Widely regarded as a leading national company with international reach, DP World - UAE will work on raising professional competencies of Nationals through world-class training and human capital development programmes.