DP World has announced it has completed construction of the first industrial building in the South Carolina Gateway Logistics Park.
The news marks a major milestone in the partnership between the terminal operator, Orangeburg County, and the State of South Carolina for the continued economic development of the planned 6 million square foot industrial park.
The South Carolina Gateway Logistics Park, located at the intersection of Highway 95 between Charleston and Columbia, offers customers a strategic, inland, and rail-served platform with close port proximity for industrial development.
DP World has been working continuously with Orangeburg County over the course of the project to ensure the park meets the needs of the end users, is fully integrated, and benefits the surrounding communities. The property will be shared by Orangeburg and Dorchester Counties.
“It is with great pride that we open the Gateway Logistics Park for business today and celebrate a long-term investment that is estimated to bring more than $500 million into the economy,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
“The collaboration with Orangeburg County and the State of South Carolina has been a model of the kind of economic development that public and private partnerships can create when the greater good is at the centre.
“This expansive site is full of potential economic opportunity for South Carolina including two-thousand jobs and local tax revenues upward of $10 million”.
Matt Leech, CEO of DP World Americas, added: “DP World is using its expertise in smart logistics solutions to enable the flow of trade across the globe.
“Combined with our 2021 acquisition of Syncreon, the South Carolina Gateway Logistics Park is part of DP World’s broader vision to become a driving force in helping more US businesses face the evolving supply chain and logistics challenges that are causing turmoil in the post pandemic economy.”
Johnnie Wright Sr., Orangeburg County Council Chairman, also commented: “We are grateful about the partnership with DP World, making it a Great Day in Orangeburg County. Leveraging this facility at SC Gateway’s Logistics Park is validation to our location and robust utility network.”
Earlier this month, DP World announced it handled a total of 19.3 million TEU across its global portfolio of container terminals in the first three months of 2022.
The sum represents a 1.7 per cent increase in the company’s container volumes on a reported basis and a 1.9 per cent rise on a like-for-like basis.
