DUBAI, UAE — DP World has invested over $10 billion (AED37.3 billion) in the global logistics sector since 2012, ranking it among the top five overseas investors during this period, according to the latest foreign direct investment (FDI) data from leading industry consultants.
The FT’s FDI Intelligence recently published its top five list for 2022, placing DP World fifth in the world by total value of direct investments allocated to the overseas logistics services sector.
Despite a slowdown in global demand for logistics services, DP World’s investments in the past year totaled $320 million (AED1.18 billion). Forecasts for 2023 expect single-digit demand growth in the industry. Other firms in the top five include US giant Amazon and Denmark’s AP Moller Maersk. DP World is the only firm in the top five based outside the US or Europe.
“The data shared by FDI Intelligence demonstrates where we stand globally within the logistics sector, not only in the last year but consistently over the last 10 years. DP World’s companies touch people’s lives around the world every day,” said DP World Group Chairman and CEO Sultan Ahmed bin Sulayem.
“Sometimes it is tangible, and sometimes we are in the background making sure people and businesses get the goods they require. Our infrastructure opens untapped trade opportunities, grows economies and makes goods more affordable. Investing in developing economies helps trade go further, facilitates economic growth, attracts foreign investment and generates thousands of jobs – raising the quality of life for everyone,” he added.
The continent has been a key focus area, with the development of the Port of Ndayane, Senegal, representing the beginning of a $1 billion investment. Plans are also progressing to expand operations in Caucedo, Dominican Republic, and the Callao Port expansion in Peru. The UK has been another major destination for investment, with DP World investing £2 billion (AED 8.99 billion) in the past decade and earmarking a further £1 billion for the next 10 years.