Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World recently met Mauricio Macri, President of Argentina in Beunos Aires to discuss cooperation in the ports and cruise terminals sector.
A high-profile delegation from DP World included Jamal Bin Thaniah, Vice Chairman; Matt Leech, Senior Vice President and Managing Director, DP World Americas Region and Gustavo Figuerola, General Manager, DP World Buenos Aires.
President Macri looked forward to building the partnership with DP World and a greater role for the global trade enabler to serve the Argentinian economy through its investments ports and maritime services.
He noted the group’s plans for future growth following the emergence of South American economies from a period of recession.
Mr Bin Sulayem thanked the government of Argentina for its ongoing support and underlined DP World’s commitment to the growth of the economy.
Mr Bin Sulayem said: “The discussions with President Macri focused on the development of our business in Argentina. We highlighted our deep commitment to the economy of the country and our faith in the government’s economic policies to nurture the growth of the ports industry.
“Our strategy is based on always creating capacity ahead of demand and being where our customers want us to be, especially in developing markets.”
This follows the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to reinforce the UAE’s pioneering role in the advancement of the ports and cruise terminals industry around the world and to enhance global trade.
DP World’s plans to increase its container and cruise business in the Port of Beunos Aires featured in the discussions.
DP World Buenos Aires has invested US$250 million in the last 20 years and currently operates the Terminales Rio de la Plata (TRP) container terminal with throughput of 600,000 TEU per year, 37% of the market.
TRP is the main terminal in the city and is located in the heart of the downtown area with railway access. It is the largest container terminal in the country.
TRP is a joint venture in which DP World owns 55.62%. It features three basins, providing up to five berths for vessel operations and has significant reefer capacity with 1,650 plugs which accommodate the large volume of reefer exports from Argentina.
The terminal handles deep-sea vessels from Europe, Asia and North America, as well as feeders to both the East and West Coast of South America and barges up river to Rosario.