DP World, one of the world’s largest port companies, which owns more than 80 ports in 68 countries around the world and continues its activities with Yarımca Port in Turkey, announced that it will continue to invest in Turkey. Kris Adams, CEO of DP World Yarımca, said, “We have invested 600 million dollars in Turkey so far. We believe in the potential, we will continue our investments”.
DP World, one of the largest global port companies, announced that it will continue its investments in Turkey. Kris Adams, CEO of DP World Yarımca, said, “With our 600 million dollars investment in Turkey, 50 million dollars of which is in 2020, we have increased the annual capacity of DP World Yarımca to 1.2 million TEU. We will invest another 10 million dollars next year. We believe in Turkey and its potential.” Adams also noted that they are preparing to establish a Turkish trade center in Jebel Ali Port.
Expo 2020 Dubai, which is shown as one of the most important events in the world and where companies as well as countries exhibit their visions for the future, opened its doors. The event, which was postponed last year due to the pandemic, stands out as the largest global organization ever held in the Middle East, Africa and South Asia region. Investors from 190 countries will come together until March 31, 2022 for new trade and investment opportunities at Dubai Expo 2020, which opens its doors with the theme of “Connecting the Creative Minds of the Future” and spreads over an area of 610 football fields. One of the important participants of the event, which will host its visitors with the themes of “sustainability”, “mobility” and “opportunity”, was DP World, one of the largest port operators in the world, based in the United Arab Emirates. Operating with Yarımca Port, which stands out with its feature of being the most technological as well as being one of the largest in its field in Turkey, DP World shared its end-to-end uninterrupted, contactless, digitalized and sustainability concept logistics vision with the participants in its own pavilion.
“We believe in Turkey’s potential”
According to the news of Dünya Gazetesi (Dünya Newspaper), DP World UAE Region and CEO of Jafza, Abdulla Bin Damithan stated that they believe in Turkey’s potential and that they will continue their logistics investments. Damithan explained that they will not remain just as a port operator in Turkey, they aim to participate in the supply chain by working with exporters, and they are trying to establish a line that includes Russia and Turkey coming from Central Asia as part of their logistics investments. DP World, which started its operations as a local port operator in the UAE in 1972, has now grown into a giant global trade provider with more than 80 ports in 68 countries. The turnover of the company, which achieved a growth of 11 percent in 2020, is at the level of 8.3 billion dollars. In the third quarter of this year, the growth was 8.1 percent. The flagship of the company is the Jebel Ali Port in Dubai. Once completed, Jebel Ali Port, one of the 9 largest ports in the world, will increase its capacity to 22.4 million TEU. Jebel Ali is also preparing for a new technology called BoxBay. With this technology, an 11-storey storage and handling technology will be implemented with containers stacked up to five floors on top of each other.
The number of employees will reach 100 thousand
Kris Adams, who met with members of the press as part of the event, shared information about DP World Yarımca’s activities in Turkey as well as its new term goals. Explaining that DP World, which was established as a local terminal operator 50 years ago, has grown every year in different industries and became a global supplier of the supply chain, Adams gave information about the investments made in the recent period. Stating that they have made a digital investment of 4 billion dollars, Adams said that they have reached 80 container terminals. Adams said, “We are in 68 countries, we have 190 businesses. We not only have container ports, but also free zones and intermodal investments. We purchased Syncreon and Imperial Logistics within the scope of the works carried out in the past. We will increase the number of our employees, which is currently around 56 thousand, to 100 thousand in the coming period”.
Will establish a new logistics company in Turkey
Kris Adams also evaluated the effects of the pandemic on the industry. Stating that global trade is slowly getting rid of the effect of the pandemic and normalizing, Adams said, “There is normalization in general, trade is returning to where it is, but it will take some time to fully normalize.”. Kris Adams shared the knowledge that they provide services with a team of 700 people and sub-contractors in an area of 46 thousand hectares at Yarımca Port, “We continue our investments by following the potential of Turkey for a long time. With an investment of 600 million dollars in Turkey, 50 million dollars of which is in 2020, we increased the annual capacity of DP World Yarımca, one of the largest container ports in Marmara, to 1.2 million TEU. We will continue our investments in 2022 with our faith in Turkey’s geographical location and potential. Next year, we will invest 10 million dollars more in technology, storage and solar energy. We want to be recognized as part of the supply chain. We will establish a logistics company in Turkey, it will have 80 employees. Our goal is to provide the best service in the end-to-end supply chain to Turkey’s exporters and importers.”.
Special area for Turkish exporters in Jebel Ali
Kris Adams also talked about the new projects of DP World for Turkish exporters, which they are in the preparation phase. Adams said, “We want to set up something like a trade center in Jebel Ali. There are already many Turkish companies there. We want to enlarge this further and put it into a structure. We want to attract Turkish exporters. We want Turkey to be an area where not only finished and ready-made products but also all kinds of production and packaging can be done.”. Among the advantages offered at Jebel Ali are zero corporate tax for 50 years, renewable privileges, zero import or export taxes, zero personal income tax, no currency restrictions and customs clearance service.
Hyperloop will be launched in 2030
There are 4 different galleries in the DP World Pavilion, where future designs based on uninterrupted, contactless, digital and sustainability principles of commerce are exhibited with the theme of “The Flow of Trade”. At the Connectivity Gallery, where the future of global trade is explained, Dubai’s 100-year development in economy and trade is displayed in a special 40-meter table. While sharing with visitors how the integrated trade flow takes place at DP World’s operational points around the world, at the Mobility Gallery, with an entertaining and interactive presentation. Opportunity Gallery showcases the opportunities created by the effective use of innovation, data and artificial intelligence. In the Sustainability Gallery, DP World’s economic, social and environmental sustainability projects to protect the planet are presented. The “hyperloop” system, implemented in partnership with DP World and Virgin Hyperloop, is also being introduced at the Pavilion. With hyperloop, which is described as contactless, electric magnetic tunnel transportation, DP World Cargospeed is aimed to deliver cargo with a system that is close to transportation by plane in terms of speed and by truck in terms of cost. The project is planned to be implemented in 2030.
Turkey joined at the last minute, its pavilion was insufficient
Turkey took part in Dubai Expo 2020. It is expected that business people and ministers will also visit Expo2020 from Turkey under the leadership of DEİK and TİM in the coming days. In the Turkish pavilion, which is small compared to the areas of other countries with an area of 400 square meters, the products of the jewelery and marble sectors, as well as TOGG, are exhibited. Due to the insufficient trade volume between the two countries, the Turkish pavilion, which is located in a ready made building, has been visited by around 350 thousand guests so far.
