$10 billion.. Dubai Ports investments in global logistics services

DP World has invested more than $10 billion (AED 37.3 billion) in the global logistics sector since 2012.

This places it among the top five investors in the world, according to the latest foreign direct investment data issued by a group of international investment advisors around the world.

This comes from Dubai's position as a center for global logistics services and a strong engine for the growth of trade and industry regionally and globally, which supports the global logistics network that the emirate enjoys. Which contribute to enhancing business growth, providing competitive advantages as well as more and faster opportunities for growth and expansion for local and international companies.

The "Financial Times" has announced in its latest report on direct investments in the field of logistics services the list of the top five companies for the year 2022, (DB World) ranked fifth in the world among all companies in the total value of direct investments allocated to the global logistics sector.

$320 million field of logistics services

DB World's total investments in the field of logistics over the past year amounted to $320 million (AED 1.18 billion).

Despite the challenging economic conditions and the decline in demand for logistics services in light of the slowdown in the global economy. The demand forecast for 2023 also indicates a low and single-digit growth rate.

The list of the top five includes other companies such as Amazon, the American e-commerce giant, and the Danish company AB Moller-Maersk. DB World was included in the list as the only company outside the United States or Europe.

$ 300 million Investment

One of the main priorities of DB World in 2022 was to expand its strategic partnerships to unlock the potential of trade around the world, and the group strengthened its relationship with the National Investment and Infrastructure Fund of India to raise investments of about $ 300 million.

It also created a new investment platform with British International Investment Corporation to accelerate investment in Africa and unleash its business potential.

thousands of jobs

The UK has emerged as another major investment destination, with over the past decade the DB World Group has invested £2 billion To support the creation of thousands of jobs.