Dubai’s DP World invested $6bn to become supply chain giant

Dubai’s DP World invested $6bn to become supply chain giant

Image courtesy: WAM

DP World invested more than $6bn to evolve into a comprehensive supply chain player, as the company capitalised on the slow evolution of the supply chain industry to invest in every aspect of the chain, according to CEO, Sultan Ahmed bin Sulayem.

Speaking at the 21st Arab Media Forum in Dubai, Bin Sulayem said, “In 2016, it became evident to us that factors beyond the confines of ports exerted a notable influence on the punctual delivery of cargo.

“Faced with this revelation, we made a resolute and forward-thinking decision. Our commitment to providing the most exceptional service to our cargo owners, guaranteeing both timeliness and cost-effectiveness in their operations was unwavering.”

DP World resolved to extend its services across the entire supply chain. “We transformed our role from merely operating ports to becoming a global leader in smart end-to-end supply chain logistics, facilitating worldwide trade flows,” Bin Sulayem said, adding that this required a massive investment of more than $6bn.

The investment encompassed the acquisition of new companies worldwide spanning various segments of the supply chain, from warehouse storage to transportation.

DP World is currently the largest ports and logistics company in India following the privatisation of the sector by the government.