DP World has signed a $760 million MoU with the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone.
According to DP World, the new $760 million investment will be evenly split between the port and the Free Trade Zone.
Approximately $380 million will go toward expanding the port, including the extension of the quay and breakwater to accommodate next-generation vessels and general cargo operations.
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The investment also covers new ship-to-shore (STS) cranes, yard equipment, advanced surveillance and security infrastructure, as well as upgrades to gates, roads, and automation systems.
The remaining $380 million will be allocated to the Free Trade Zone, funding the development of a new road network, utilities, a commercial and marketing center to attract global tenants, and pre-built storage facilities.
The agreement with the Ministry of Industry, Commerce, and MSMEs (MICM) launches negotiations to boost Caucedo’s container capacity from 2.5 to 3.1 million TEUs and unlock 225 hectares for development.
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Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “This agreement marks a major step forward in our vision – shared with our local partners and stakeholders – to enhance the country’s competitiveness and connectivity, creating greater opportunities for local communities and businesses to thrive.”
“By boosting capacity and enabling nearshoring opportunities, we will transform Caucedo into the most advanced logistics hub in the Caribbean, not only strengthening supply chain resilience across the Americas but also creating a powerful engine for economic growth and job creation in the Dominican Republic.”
