In a bid to take advantage of emerging market growth, the Dubai government will be establishing a new terminal operator called P&O Ports which is designed to complement Dubai’s existing global presence through marine terminal operator DP World.
As reported by Gulf Business, The new company’s name, P&O Ports, reflects a rich marine heritage. We have the drive and ambition to take our company and this prestigious brand to new heights, identifying the next wave of opportunities for the development and operation of mixed cargo ports worldwide, particularly in emerging economies.
“The launch of P&O Ports complements Dubai’s global investments in the port industry and diversifies its operations to include maritime terminals of all sizes.”
DP World has recently recorded a massive increase of 25% in its annual profits for 2014 and has said that it aims to continue to invest big in 2015.