Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

DP World owns 28% of the market in India’s ports sector

DP World has undertaken substantial investments spanning multiple countries across the globe.
  • In Chennai and Hyderabad, DP World is the only operator with a presence in three major Indian ports
  • DP World is a leading company in managing container ports in India and has invested nearly US$500 million in a joint venture with the NIIF

DP World has 28 percent market share in India’s ports sector, and its logistics assets cover major shipping centres such as the National Capital Region and the cities of Ahmedabad and Mumbai, Mohammed Al Muallem, Executive Vice President of DP World, said. 

In Chennai and Hyderabad, DP World is the only operator with a presence in three major Indian ports and a market share of 28 percent of the volume of import and export containers, he added, noting that it can design and provide customised modular and standard logistics solutions.

In his statement to the Emirates News Agency (WAM), as part of an Emirati delegation visiting India to establish sustainable mechanisms to capitalise on the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Al Muallem said that DP World is a leading company in managing container ports in India and has invested nearly US$500 million in a joint venture with the National Investment and Infrastructure Fund in India (NIIF).

The company is also continuing to evaluate new opportunities in the country’s ports sector, including ongoing concession opportunities at Tuticorin and Nhava Sheva, he added. The total trade volume between Dubai and India across all modes of transport in 2021 amounted to more than 12.1 million tonnes, of which 8.6 million tonnes were imports, some 2.9 million tonnes were exports, and more than 607,000 tonnes were re-exports, he explained.