DP World completes Dh954m expansion at Vancouver Port in time for its 100th anniversary

DP World completes Dh954m expansion at Vancouver Port in time for its 100th anniversary

Dubai: The Dubai headquartered DP World has completed a Dh954 million work on the Centerm Expansion Project in Vancouver. The expansion also ties in with the 100th anniversary of the port’s marine terminal operations. Vancouver handles one in every $3 of Canada’s trade in goods outside of North America. This enables a trade of around $305 billion in goods, while the port’s activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada. The DP World expansion project will increase throughput by 60 per cent and 'position British Columbia as a leader in sustainable trade'. "The 100th anniversary of terminal operations on the West coast is a wonderful opportunity to celebrate Canada’s rich maritime and port history and look ahead to a future that includes DP World’s industry-leading technology and innovation in supply chains," said Sultan Ahmed Bin Sulayem, DP World Chairman and CEO. "It’s also a chance for us, along with our employees and partners, to celebrate a responsible, sustainable, strategic approach to managing Canada’s network of ports and terminals." The newly expanded terminal can now handle 1.5 million TEUs a year, compared to 900,000 TEUs earlier, while adding 15 per cent to the terminal’s