DP World eyes growth in Dominican Republic

dubai — DP World group chairman and CEO Sultan Ahmed bin Sulayem met with Dominican Republic President Danilo Medina recently to discuss the expansion of the global trade enabler’s Caucedo port operations, including its logistics park and quay side facilities.

During their meeting in Caucedo, discussions focused on a growth plan that would attract more foreign investment to the country. Approximately $400 million has been invested in the business. DP World and its partners are looking to expand their operations further by building another 400-metre berth to ensure its future as a regional trade hub.

Bin Sulayem said: “President Danilo Medina is working hard for his people and country, and the stable economy and political environment here will go a long way to attract more foreign investors. The government are also developing the legal and policy framework and we look forward to exploring opportunities to develop a host of online trade services for ease of doing business. We’ve seen first-hand the efficiencies of streamlined customs processes and electronic port community systems, like the Dubai Trade Portal at our flagship Jebel Ali Port and free zone.”

“The Dominican Republic has tremendous potential as a logistics hub and we’re pleased to be working in partnership with the local government to maximise on these opportunities. Adding another berth at DP World Caucedo ensures we remain competitive and can serve the growing demand for our services in the region.”

— business@khaleejtimes.com