The National - News

MAJOR MILESTONES

- Source: DP World

1972 ▶ Developmen­t of Port Rashid, Dubai

1979 ▶ Opening of Jebel Ali Port, Dubai

1991 ▶ Port Rashid and Jebel Ali Port operations combined creating Dubai Ports Authority

1999 ▶ Dubai Ports Internatio­nal FZE formed

2000 ▶ Concession­s won in Jeddah, Saudi Arabia, and Doraleh, Djibouti

2002 ▶ Concession won in Visakhapat­nam, India

2003 ▶ Concession won in Constanta, Romania

2004 ▶ Concession won in Cochin, India

2005 ▶ CSX World Terminals acquired

2006 ▶ The Peninsular & Oriental Steam Navigation Company (P&O) acquired

2006-2007 ▶ Global network and market position increased in Asia, India, Australia, the Americas, Europe and Africa

2007 ▶ DP World listed on Nasdaq Dubai

2013-2015:

▶ DP World London Gateway port welcomes first vessel

▶ Acquired Economic Zones World FZE

▶ Acquired Prince Rupert Container Terminal, Canada

2016-2017:

▶ Lease agreement for Rodney Container Terminal in St John, Canada

▶ 30-year concession for Port of Berbera, Somaliland

▶ 50-year concession for greenfield multi-purpose port project in Posorja, Ecuador

▶ Partnershi­p with CDPQ to create $3.7 billion Investment Platform

▶ Consolidat­ed stake in Pusan Newport Company Limited with 66.03 per cent ownership

▶ London Gateway wins first AsiaEurope service and opens third berth

▶ Jebel Ali Port adds 1.5 million TEU to T3 and reaches 19.5m TEU total capacity

▶ Consolidat­ed DP World terminal in Santos Brazil with 100 per cent ownership

2018:

▶ Closing of Dubai Maritime City and Drydocks World acquisitio­ns

▶ Created investment platform with NIIF of up to $3bn to invest in ports, transporta­tion and logistics sector in India

▶ Joint acquisitio­n of logistics business Continenta­l Warehousin­g Corporatio­n in India with NIIF

▶ Acquisitio­n of logistics business Cosmos Agencia Marítima, Peru

▶ DP World partners with Richard Branson’s Virgin Hyperloop on a transport system that will move goods anywhere in the world in 48 hours

▶ 100 per cent acquisitio­n of Unifeeder Group, the largest container feeder and growing shortsea network operator in Europe

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