(MENAFN) DP World, a UAE-based company, has invested more than USD10 billion in the global logistics sector since 2012, making it one of the top five overseas investors during this time period. Despite the demand for logistics services slowing, along with the global economy, DP World invested USD320 million in the last year alone. The figures were reported by Emirates News Agency, citing the most recent foreign direct investment data.
DP World is the only company in the top five not based in the US or Europe. The other companies in the group include Amazon and Denmark's AP Moller Maersk. DP World's CEO, Sultan Ahmed bin Sulayem, commented on the data, stating that it demonstrates the company's global standing within the logistics sector, not only in the last year but consistently over the last 10 years.
DP World's investments in the logistics sector have enabled the company to touch people's lives around the world every day by ensuring that people and businesses get the goods they require. The company's infrastructure opens untapped trade opportunities, grows economies, and makes goods more affordable. By investing in developing economies, DP World helps trade go further, facilitates economic growth, attracts foreign investment, and generates thousands of jobs, raising the quality of life for everyone.
According to a study commissioned by DP World and led by Economist Impact, 96 percent of companies are changing their supply chains as a result of geopolitical events. In response, DP World's priorities for 2022 include expanding its partnerships to realize this trade potential. The company has strengthened its partnership with India's National Investment and Infrastructure Fund to raise about USD300 million and established a new platform with British International Investment to accelerate work in Africa.
The African continent has been a key focus area for DP World, with the construction of the Port of Ndayane in Senegal marking the start of a USD1 billion investment. DP World's investments in the logistics sector demonstrate its commitment to global trade and economic growth, as well as its ability to adapt to changing geopolitical events and supply chain disruptions.
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