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DP World set to open cargo hub outside London by end of 2013

By the end of 2013, DP World, the world's largest seaport operator will open a new cargo hub outside of London, Associated Press has reported. The company plans to invest $1bn into the project over the next three years, in addition to the already invested $600m. "Investment in ports and logistics is always a long-term investment," the company's chairman, Sultan Ahmed bin Sulayem said.