Categories: DP World, Europe, LondonPublished On: 04.10.2021286 words1.5 min read

DP World chief hails ‘very strong’ UK economy

Chairman and CEO Sultan Ahmed Bin Sulayem told Arabian Business the ports operator will continue to invest in the UK, despite the continuing challenges of Covid and Brexit

DP World operates a network of ports and data-driven logistics businesses around the world, including Dubai’s flagship port Jebel Ali.

Dubai’s DP World has 100 percent confidence in the United Kingdom, despite the country’s continuing supply chain concerns caused by the twin shocks of Covid-19 and Brexit.

The ports operator recently announced a $300 million investment at its London Gateway logistics hub to increase supply chain resilience and create more capacity in the UK facility.

It builds on the $2 billion investment DP World has made in Britain over the last decade, with work set to begin on the new fourth berth this month.

Chairman and CEO Sultan Ahmed Bin Sulayem told Arabian Business: “The UK is a very strong economy. It is a financial centre that is one of the biggest in the world. We believe in the economy and that’s why we invested heavily in London Gateway. It’s an amazing port, with the highest technology.”

Bin Sulayem said the UK’s split from the European Union, which was rubber stamped in January 2020, is going to be “very interesting” and pointed, in particular, towards the creation of eight freeports across the country – announced in the 2021 budget – as positive news for Britain.

He added: “There are many opportunities in the UK and, especially as the Far East locked down, many manufacturers are going to look to relocate and the UK will be a very good location for many industries.” . . . . .

. . . . . continue reading the article on the Arabian Business website here