DP World to create 4m TEU new capacity at Jebel Ali

DP World has announced its intention to expand its flagship port Jebel Ali in the United Arab Emirates (UAE) by creating an additional 4m TEU capacity, resulting in a total capacity at Jebel Ali reaching 19m TEU by 2014.

DP World will be investing around $850m over three years, adapting 1,860 m of quayside and 70 ha of yard from an existing general cargo berth into a new container terminal within the existing container port. The investment will be financed from existing cash resources and cash flow.

The new terminal, which will operate with the largest, most efficient quay cranes and have a draft of 17 m, will be able to handle the world’s largest container vessels planned for the future.

In October 2011, DP World announced record container volumes in the UAE region for 2011, with growth of 11% so far this year and over 1m TEU per month being handled in the port.

Sultan Ahmed Bin Sulayem, Chairman, DP World said:"Further investing in Jebel Ali, building a new container terminal as well as expanding the existing terminal, as we announced recently, will support the continued growth of Dubai and the UAE and enhance the country’s status as the trade centre of the Middle East. Over the past 40 years, our facilities have contributed significantly to the development of Dubai, the UAE and the wider region through the provision of efficient supply chain services. We remain steadfastly committed to continuing to meet the needs of the region’s markets."

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