MUSCAT: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed a significant agreement with Mahdah Development Company, an Omani-Emirati partnership represented by DP World, to develop and operate the first phase of the Al-Rawdah Special Economic Zone in Al Buraimi Governorate. The ceremony took place with the presence of His Highness...
DP World has announced a significant investment of $2.5 billion in 2025 aimed at enhancing its global logistics network. This investment will focus on launching major infrastructure projects in regions such as India and Africa, reflecting the company’s strategic commitment to expanding its operational capabilities. Credit: Government of Dubai Media Office The Government of Dubai...
The Syrian government has entered into a memorandum of understanding with DP World to develop the port of Tartous, with the deal valued at $800 million. This agreement was reported by the Syrian state news agency SANA and follows the recent lifting of U.S. sanctions, which had previously hindered such developments. The agreement encompasses the...
Two of the fastest growing maritime clusters in the world gathered in Dubai for high-level discussions during UAE Maritime Week, which includes the Seatrade Maritime Logistics Middle East exhibition and conference running until May 8 at the Dubai World Trade Centre. The event’s theme, “Cooperation and Inclusiveness: Pioneering a New Era in Shipping,” featured representatives...
Dubai’s Jebel Ali Free Zone (Jafza), managed by DP World, has celebrated its 40th anniversary with significant achievements, reporting record-breaking trade volumes of $190 billion over the past year. This figure represents a 15 percent increase from the previous year and marks the highest contribution Jafza has made to Dubai’s economy, as announced by DP...
The Dubai Press Club (DPC) has announced that DP World will serve as the Strategic Partner for the Arab Media Summit 2025. This partnership underscores a mutual dedication to enhancing media development in the region. The summit is set to take place under the patronage of Mohammed bin Rashid Al Maktoum, the Vice President and...
DP World has officially announced the commencement of construction for Bharat Mart in Dubai, a significant development set to enhance trade opportunities for Indian exporters. This massive project will span 2.7 million square feet and is designed as a B2B and B2C marketplace, with an expected opening by the end of 2026 in the Jebel...
DP World has announced a significant increase in its revenue, which grew by 9.7 percent to reach $20 billion (AED 73.5 billion) for the year ending December 31, 2024. The company’s adjusted EBITDA also rose by 6.7 percent, totaling $5.5 billion (AED 20.2 billion). This resulted in an adjusted EBITDA margin of 27.2 percent. The...