DP World, one of the biggest global port operators globally, aims to be a major player at every stage of the trade supply chain.
From handling raw materials from suppliers at its ports for manufacturers in its free zones and then delivering finished goods to their customers, its UAE chief executive said in Davos.
The company is investing in logistics and technology to enhance its ability to move cargo. This strategy applies around the world in markets such as in Africa, as well as in the UAE.
In March, the company said its annual profit rose by 5.9 per cent to $896 million last year on the back of higher revenue from acquisitions, new concessions and fast-growing trade lanes in Asia, the Middle East and Africa.
Revenue grew 26.3 per cent a year to $10.77 billion.
With risks to trade including dampening demand amid high oil prices or rising inflation, as well as the disruption related to the war in Ukraine, DP World is focused on supporting its customers with costs savings, said Mr bin Damithan, managing director of DP World UAE and the Jebel Ali Free Zone (Jafza).
“The most important thing for us in Jebel Ali and in Dubai … [is that] we [are] able to support them in terms of their costs … [and] our initiatives like automation … efficiency, cost savings,” he said.
“Definitely the automation, our process, the port and free zone close to each other. The way the UAE [was] able to to handle Covid. Today, we are speaking about it, look at the Expo [2020 Dubai]. Yes. It is a very good example how we are able to handle crisis that come through the region or the world.”
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