DP World chairman says group's focus will remain on port operations, but Unifeeder purchase diversifies capabilities and customer options.
According to a joint statement, the new platform aims to connect various stakeholders, including carriers, terminal operators, customs agencies, shippers and logistics service providers, to enable collaborative innovation and digital transformation in the supply chain.
DP World’s global headquarters in Jebel Ali is now carbon neutral with regards to its consumption, as a result of installing solar photovoltaic (PV) panels on the building’s rooftop and car park.
SirajPower will deliver a first batch of 15 MW to DP World’s facilities in Dubai located at Jebel Ali Free Zone (Jafza) and National Industries Park, with a 22-year lease agreement to help the company save its energy consumption.
Sulayem said that he believes financial institutions are becoming increasingly cautious and taking measures such as tightening lending in reaction to trade tensions, which is likely to negatively impact growth in emerging markets.
The senior management appointments bring the company under the direct leadership of DP World, which in April signed a MoU with Virgin Hyperloop One to be the cargo carrying arm of the company as DP World CargoSpeed.
This is the second investment for HIPL; following the acquisition of a 90% stake in multimodal logistics company Continental Warehousing Corporation (Nhava Sheva) Ltd.
Aluminium cans are one of the most recyclable waste items, while mobile phones are e-waste that contain many valuable resources as well as toxic components that can negatively impact both human health and the environment if disposed of improperly.
The results were softer than previous years, but this had already been expected by DP World and flagged up during its H1 results announcement earlier this year.
DP World insists the mammoth project will go ahead following his departure.
The MoU was signed by Sultan Butti bin Mejren, Director General of Dubai Land Department (DLD), and Sultan Bin Sulayem, Group Chairman and CEO of DP World.
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