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DP World posts record $20bn revenue

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DP World volume growth 9.4 percent

DP World handled 77.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals.
  • 2021 gross volume growth was broad-based with India, Asia Pacific, Middle East & Africa, Europe, Australia and Americas regions being the key growth drivers.
  • Chief Executive Officer Sultan Ahmed Bin Sulayem said the performance was due to the company's continued investment in high-quality assets in the right locations.

DP World Limited handled 77.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2021, with gross container volumes increasing by 9.4 percent year-on-year on a reported basis and up 8.9 percent on a like-for-like basis.

The company said that on a 4Q 2021 basis, DP World handled 19.6 million TEU, up 2.6 percent year-on-year on a reported basis and up 2.3 percent on a like-for-like basis.

It added that 2021 gross volume growth was broad-based with India, Asia Pacific, Middle East & Africa, Europe, Australia and Americas regions being the key growth drivers.

At an asset level, Qingdao (China), Mumbai, Mundra, Chennai (India), Sokhna (Egypt), London Gateway (UK), Caucedo (Dominican Republic), Callao (Peru), and Sydney (Australia) delivered a strong performance.

Jebel Ali (UAE) handled 13.7 million TEU in 2021, up 1.9 percent year-on-year. At a consolidated level, the company’s terminals handled 45.4 million TEU during 2021, increasing 8.8 percent on a reported basis and 8.1 percent year-on-year on a like-for-like3 basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem said the performance was due to the company’s continued investment in high-quality assets in the right locations.

“All our regions delivered volume growth with India being a key driver and encouragingly Jebel Ali (UAE) delivered a steady performance with 1.9 percent growth in 2021,” he said.