The Managing Director of DP World-UAE announced that Dubai will strengthen its position as the region's logistic hub with the completion of $1.5 billion Terminal 2 expansion project at Jebel Ali Port, Khaleej Times reported. He added that the project's completion is expected in February of next year and will boost DP World's flagship port capacity up to 15 million twenty foot equivalent units (TEUs) to supplement the strong growth in the GCC region.
The completion of Terminal 2 expansion project will also strengthen the company's position in the region as 50 percent of operations at Jebel Ali Port are for Dubai while the rest is destined for Kuwait, Qatar, Saudi Arabia and other regional states.
The company has a global capacity of more than 48 million TEUs and will rise to around 90 million TEUs by 2017 due to the development of ports and new projects in key growth markets including Middle East India and China.
The completion of Terminal 2 expansion project will also strengthen the company's position in the region as 50 percent of operations at Jebel Ali Port are for Dubai while the rest is destined for Kuwait, Qatar, Saudi Arabia and other regional states.
The company has a global capacity of more than 48 million TEUs and will rise to around 90 million TEUs by 2017 due to the development of ports and new projects in key growth markets including Middle East India and China.