DP World could make further investments in the United Kingdom besides London Gateway and its terminal in Southampton.
“We always monitor the market and if there is a location in the UK that our customers want we will be there,” chairman Ahmed bin Sulayem toldthe Telegraph.
Dubai-based DP World owns and operates London Gateway, a deep-water port which opened last November on the banks of the river Thames in Stanford-le-Hope (Essex). It also owns 51% of DP World Southampton, in which Associated British Ports (ABP) holds a 49% stake.
“You talk about Gateway, you talk about a greenfield project and it’s not easy to start from scratch especially in a mature market like the UK. But it will eventually allow the UK to become not just an import market but an export market,” said Mr bin Sulayem.
The project, which DP World inherited through its acquisition of P&O Ports in 2005, will eventually handle 3.5m containers per year and create about 27,000 jobs in London and the South East of England. Mr Sulayem said that DP World is currently in talks with several companies to set up in the adjoining logistics park at the facility in Thurrock, Essex.
THE recently opened London Gateway faces months of remedial work to its quay wall, with work set to begin this month.In a circular, the Port of London Authority revealed that remedial work will be carried out to the…
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