Dubai's DP World has said the first phase of its Brazilian port project will be completed in 2013, Arabian Business reports.
The port operator's chairman, Sultan Ahmed Bin Sulayem, has inspected work on the Embraport project, the largest Brazilian private multi-modal port terminal in the city of Santos.
The first phase of the project will have around 1 million TEU (twenty foot equivalent container units) capacity and will be operated by DP World.
The first phase of Embraport is scheduled to be completed in 2013 and is being built on a freehold site on the left bank of the Santos Estuary, state news agency WAM reported.
Porto de Santos is the largest Brazilian container port and the largest in South America, with 90 percent of its cargo destined for the local Sao Paulo market.
During his visit, Bin Sulayem, accompanied by senior company officials, met with the port project partners and with more than 15 shipping lines and potential customers.
Brazil is a key growth market for DP World. Business Monitor International believes 2012 will be another year of strong growth for Brazilian ports, which they say experienced growth of 7.1 percent in total tonnage throughput in the first half of 2011.
Bin Sulayem said: "Upon opening, Embraport will contribute significantly to Brazil's growth and will serve the nation's logistics interests.
"DP World is privileged to be able to utilise its extensive experience in the development and operation of this vital and strategic multi-purpose port.
"We are confident that with the deployment of cutting edge technology combined with its large capacity, and the competencies of our partners, the terminal will support the development of Santos as the main port complex in the country".
In August 2009, DP World signed a partnership with Odebrecht to acquire a majority stake in Embraport.
The port operator's chairman, Sultan Ahmed Bin Sulayem, has inspected work on the Embraport project, the largest Brazilian private multi-modal port terminal in the city of Santos.
The first phase of the project will have around 1 million TEU (twenty foot equivalent container units) capacity and will be operated by DP World.
The first phase of Embraport is scheduled to be completed in 2013 and is being built on a freehold site on the left bank of the Santos Estuary, state news agency WAM reported.
Porto de Santos is the largest Brazilian container port and the largest in South America, with 90 percent of its cargo destined for the local Sao Paulo market.
During his visit, Bin Sulayem, accompanied by senior company officials, met with the port project partners and with more than 15 shipping lines and potential customers.
Brazil is a key growth market for DP World. Business Monitor International believes 2012 will be another year of strong growth for Brazilian ports, which they say experienced growth of 7.1 percent in total tonnage throughput in the first half of 2011.
Bin Sulayem said: "Upon opening, Embraport will contribute significantly to Brazil's growth and will serve the nation's logistics interests.
"DP World is privileged to be able to utilise its extensive experience in the development and operation of this vital and strategic multi-purpose port.
"We are confident that with the deployment of cutting edge technology combined with its large capacity, and the competencies of our partners, the terminal will support the development of Santos as the main port complex in the country".
In August 2009, DP World signed a partnership with Odebrecht to acquire a majority stake in Embraport.