In a bid to acquire 10% of the goods traded globally, DP World Chairman Sultan Ahmed bin Sulayem said that his company aims to trade 56 million containers by the end of 2014.
According to Daily News Egypt, this will be achieved by entering into new markets in East and West Africa.
Director General of DP World, Mohammed Al-Muallem, said consultations are underway with Egypt to expand the Port of Ain Sokhna, Egypt.
Al-Muallem went on to say that this is subject to the port operating at 70% capacity, with current operations at no more than 50% capacity.
DP World Chairman Sultan Ahmed bin Sulayem, said: “The company is interested in participating in Egyptian port projects, especially the development project in the new Suez Canal, and is considering expanding its activities in Egypt.”
Bin Sulayem revealed that the company has already supplied US$6 billion in investments to Egypt since 2006, including $55 million allocated to purchasing new cranes for the Port of Ain Sokhna.
DP World Expansion for Global Goal. (Source: The Business Year)
