Logistic
Posted By OrePulse
Published: 13 Mar, 2025 11:49
DP World raises annual capital spend by 14% to $2.5bln
DP World has increased its capital expenditure budget for 2025 by 14 percent year-on-year at nearly $2.5 billion, the company said in its 2024 financial statement released on Thursday.
The funds will be invested mainly in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).
Capital expenditure reached $2.2 billion in 2024, which was invested across the existing portfolio, compared to $2.1 billion in 2023.
The company spent $1.4 billion last year in the Middle East, Europe and Africa region, the statement added.
Related Articles
China, Tanzania, Zambia sign initial agreement on ...
04 Sep, 2024 07:20
Arthur D. Little grows Middle East travel & transp...
05 Sep, 2024 08:16
Forum on "North-South" International Transport Cor...
05 Sep, 2024 10:29
APM Terminals to invest $115 million in Nigeria123...
06 Sep, 2024 13:37
Container spot rates drop 8%...
09 Sep, 2024 10:41
Africa Emerges as a Key Player in Global Airfreigh...
10 Sep, 2024 13:01
Shortlist spotlight 2024: Project Logistics Provid...
12 Sep, 2024 09:59
Logistics News ME’s September issue reflects on Em...
12 Sep, 2024 13:54
New Africa routes for SAA...
13 Sep, 2024 10:56
CMA CGM strengthens Europe-West Africa service net...
13 Sep, 2024 12:38Trending News
Distribution
Iranian oil is offered to India at premium to Brent, sources say...
24 Mar, 2026 12:32
17 min read
Mining Other
Cape Town Prepares for African Mining Week 2026 as Draft Program Reveals Continent’s Mineral Drive...
24 Mar, 2026 12:18
25 min read
Precious Metals
South Africa's gold producers stay in the shallows as prices surge...
24 Mar, 2026 12:01
32 min read