|Subject||DP World to expand port and logistics facilities in Dominican Republic|
DUBAI: DP World is planning to build a new 400 m berth at the port of Caucedo in the Dominican Republic.
DP World CEO Sultan Ahmed Bin Sulayem met with Dominican Republic President Danilo Medina recently and discussed plans to expand the port of Caucedo and its logistics operations. Building on nearly $400m in existing investments DP World and its partners are looking to further expand operations.
“The Domincan Republic has tremendous potential as a logistics hub and we’re pleased to be working in partnership with the local government to maximise on these opportunities. Adding another berth at DP World Caucedo ensures we remain competitive and can serve the growing demand for our services in the region,” said Bin Sulayem
“We’re also working on expanding the logistics park in Caucedo to attract new businesses and creating an ideal platform for the Dominican Republic to develop into a major hub for trade globally.”
Caucedo Logistics Centre is a joint venture between DP World and Caucedo Development Corporation providing regional distribution facilities.
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