DP World’s $2 Billion Investment Spree: Expanding Its Business Portfolio with New Funds and Resources in 2024

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In 2024, DP World has allocated approximately $2 billion in capital expenditures to expand its business portfolio. The company plans to invest new funds and resources into seven regions within its global portfolio, with a focus on Jebel Ali Port in Dubai, London Gateway, internal logistics network in India, Dakar in Senegal, East Java in Indonesia, Callao in Peru, and Jeddah in Saudi Arabia.

In 2023, DP World invested a total of $2.1 billion in capital expenditures. The distribution of capital flows was as follows: 76% went to the Middle East, Africa, and Europe; 15% went to Australia and the Americas; and 9% went to Asia, the Pacific, and India. DP World expects to handle 102.6 million TEUs (twenty-foot equivalent units) of cargo in 2024. Of this amount, 67.5 million TEUs are expected to be handled at the ports and stations.

Of the total capital expenditures allocated for 2024 ($2 billion), $1.4 billion was for expansions and new investments (67%), while $420 million was for replacement and substitution (a 20% share) and $273 million was for maintenance work (a 13% share).

Samantha Johnson https://newscrawled.com

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