DP World

Company description

Dubai Ports World was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International. It purchased Peninsular and Oriental Steam Navigation Company (P&O) of the United Kingdom in 2006 for £3.9 billion ($7 billion), which was at the time the world's fourth largest ports operator. Shares representing 20% of the company were floated on the NASDAQ Dubai stock exchange in 2007.

DP World operates more than 60 terminals across six continents, with container handling generating around 80% of its revenue. In addition, the company has 11 new developments and major expansions underway in 10 countries. In 2011, DP World handled nearly 55 million TEU  across its portfolio from the Americas to Asia.

With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 92 million TEU by 2020, in line with market demand. It employs 30,000 people.

Company details

City:
Dubai
Address:
5th Floor, JAFZA 17

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • February 26, 2020

    DP World completes acquisition of Fraser Surrey Docks

    DP World announced that it has completed the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Qu&eacut...

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  • January 24, 2020

    DP world acquires 44% stake in Swissterminal Holding AG

    DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership. With effect from January 20, 2020, DP World has taken a stake of 44...

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  • December 26, 2019

    Contract award for $500m port development in Saudi Arabia

    Saudi Ports Authority in Saudi Arabia has awarded a 30-year Build-Operate-Transfer (BOT) concession for the management and development of the Jeddah South Container Terminal at the multi-purpose...

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  • June 19, 2019

    Egypt extends tender deadline for 6th of October Dry Port

    The Ministry of Finance of Egypt has extended the deadline for the three pre-qualified consortia to respond to the request for proposal (RFP) for the 6th of October Dry Port project in Giza. ...

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  • May 29, 2019

    DP world and NIIF acquires 76% stake in KRIBHCO Infrastructure Ltd

    Hindustan Infralog Private Limited (HIPL), a joint venture between Dubai-based port giant DP World Ltd and India’s National Investment and Infrastructure Fund (NIIF) has acquired a 76 percent st...

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  • May 22, 2019

    CDPQ to buy 45% stake in DP World Chile

    Caisse de dépôt et placement du Québec (CDPQ), a long term institutional investor, through its investment platform with DP World, announced the acquisition of a 45% interest in DP...

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  • May 14, 2019

    DP world acquires Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP)

    DP World PLC announced the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP). MIP is a fund managed by the Macquarie Infrastructure and Real Assets (MIRA) division of Mac...

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  • February 26, 2019

    Three bidders receive RFP for 6th of October Dry Port

    Egypt's Finance Ministry has issued a Request for Proposals for the development of a dry port in 6th of October, a suburb located to the west of Cairo, to the following three bidding teams:...

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  • January 29, 2019

    Corsair Capital sells stakes in DP World Australia to DP World

    Corsair Capital, through the fund managed by its investment arm, Corsair Infrastructure Partners, has agreed to sell its stakes in DP World Australia (Holding) Pty Ltd to DP World and new investment f...

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  • January 15, 2019

    DP World agrees to acquire 71.3% stake in Puertos y Logistica S.A.

    DP World has announced that it has agreed to acquire a 71.3% stake in Puertos y Logistica S.A. (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group. Pulogsa operates...

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