"DB World" It increases its capacity to 100 million 20-foot TEUs

2025/01/07 5:45:56 PM

2 minutes read

DUBAI, 7 JANUARY / WAM / DP World Group has achieved a historic achievement by exceeding its capacity of more than 100 million 20-foot TEUs across its global portfolio since its inception, which is a testament to the strategic investments and infrastructure development that has exceeded Its value is $11 billion over the past decade.
According to a press release issued by the group today, over the past 10 years, the capacity of the “DB World” group has recorded a growth of 33%, which is driven by expansions, development projects and new acquisitions.
The group began the past decade by handling 75.6 million 20-foot TEUs in 2014, and the company continued its investments in developing infrastructure to meet the requirements of evolving supply chains around the world.
The total container handling capacity increased by 5% in the past 12 months, which consolidated the group’s position and enabled it to expand in the field of supply chains.
Moreover, this expansion strengthened the group’s share in ports, which reached 9.2% of the global container market.
Sultan Ahmed bin Sulayem, Chairman of the Board of Directors and CEO of DB World Group, said: “Raising the capacity to exceed 100 million 20-foot TEU today is a very important historical achievement in the course of our journey that began 45 years ago, and this success also reflects our commitment.” By continuing to invest in providing world-class ports and infrastructure for logistics services, with the aim of facilitating the flow of commercial traffic.
According to a report issued by supply chain consulting firm Drury, the total size of the container handling market is expected to grow by 2.8% this year.
In this context, Tim Meister, CEO of Ports and Terminals Operations at DB World, said: “Over the past twenty years, we have invested in ports and terminals around the world, and these investments often came in less developed commercial markets that do not have sufficient capabilities, as they were Our social and economic impact is great, pointing out that one of the most notable achievements in 2024 is the acquisition of a facility in Dar es Salaam in Tanzania, which has not witnessed any development work since the 1950s, as waiting times for ships sometimes extended to more than a month. Over the past six months, we have almost eliminated this problem and the future of trade in Tanzania today looks much brighter.