This takes DP World's global network to 46 marine terminals in 26 countries.
In a joint venture partnership with the Yemen Gulf of Aden Port Corporation, which also includes prominent Saudi Arabian company House of Invention International, DP World will operate and further develop container handling facilities in the port of Aden. Sheikh Abdullah Bugshan of House of Invention International is Chairman of the joint venture company.
The agreement includes the lease of both Aden Container Terminal and of nearby Ma'alla Container Terminal, and a commitment by the joint venture to invest around $220m in further developing the port. This includes building a new 400 metre berth extension to Aden Container Terminal within five years.
Capacity at Aden port is currently around 700,000 TEU (twenty foot equivalent container units) and is expected to grow to around 1.5 million TEU by 2012. The joint venture plans to further expand capacity as dictated by market demand as part of the second phase development rights.
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DP World officially takes over port operations in Yemen
- Yemen: Thursday, November 06 - 2008 at 16:20
- PRESS RELEASE
Global marine terminal operator DP World has officially taken over container handling operations at the port of Aden, completing the deal announced in July.
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About DP World:DP World is one of the largest marine terminal operators in the world, with 46 terminals and 13 new developments across 30 countries. Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.
DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo.
The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 14 consecutive years.
In 2007, DP World handled more than 43.3 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia - an increase of 18% on 2006. It has global capacity of more than 54 million TEU, which is set to increase significantly in coming years with a committed pipeline of expansion and development projects in key growth markets, including India, China and the Middle East. Capacity will rise to around 90 million TEU by 2017.
Media inquiries:
Sarah Lockie
DP World
T. +971 4 8080887
Posted by Siba Sami AmmariThursday, November 06 - 2008 at 16:20 UAE local time (GMT+4)
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