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DP World Eyes US & Africa for Further Investment
Sea Freight

DP World Eyes US & Africa for Further Investment

Port operating giant looks set to expand portfolio once more

TLME News Service

DP World is looking at the possibility of making further acquisitions in the ports and logistics sectors, according to reports.

Industry reports state that CEO and MD of DP World, Mohammed Al Muallem, said: “DP World continues to see further potential for growth in Africa and is still studying the US market for possible acquisitions.”

DP World has become a major player in global trade in recent years and now runs facilities in 40 countries worldwide.

The Dubai-based giant has also rebought British shipping freight operator P&O Ferries for around $350 million.

CEO and MD of DP World, Mohammed Al Muallem
CEO and MD of DP World, Mohammed Al Muallem

Al Muallem added: "If you look at the global climate at the moment, we’ve done very well; we’re very satisfied with what we’ve achieved so far under this very challenging economic environment.

"We’re confident, as far as DP World is concerned, that because of our geographical spread that we will continue to perform to our satisfaction."

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