DP World’s Capital Expenditures Reach $2 Billion for 2024: Investment in Expansion, Logistics, and Marine Services Across Seven Regions

DP World has announced that it will allocate 7.4 billion dirhams ($2 billion) in capital expenditures to expand its business portfolio during 2024. The company plans to invest new funds and resources into seven regions within its global business portfolio, with a focus on Jebel Ali Port in Dubai, London Gateway, the internal logistics network in India, Dakar in Senegal, East Java in Indonesia, Callao in Peru, and Jeddah in Saudi Arabia. In 2023, DP World invested a total of 7.7 billion dirhams ($2.1 billion) in capital expenditures, with 48% allocated to ports and stations, 30% to logistics services, and 21% to marine services.

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DP World expects to handle a total of 102.6 million TEUs (twenty-foot equivalent units) in 2024. Capital flows from the previous year were distributed as follows: 76% were directed towards the Middle East, Africa and Europe; 15% towards Australia and the Americas; and only 9% were directed towards Asia Pacific and India. Overall, $1.4 billion out of the total $3 billion capital expenditures from last year were allocated towards expansions or new investments; $420 million was set aside for replacement or substitution (which amounts to a share of 15%); while $273 million was earmarked for maintenance work (or around 9%).