São Paulo – President Jair Bolsonaro met with DP World group CEO Sultan Ahmed Bin Sulayem this Wednesday morning (22) at government seat Palácio do Planalto in Brasília. The Dubai, UAE-based port operator made its first deal in Brazil six years ago by becoming a partner of the Embraport terminal, in Santos. It has since become its sole proprietor and rechristened the facility as DP World Santos. The company had been involved with the seaport for at least ten years, as reported on by ANBA more than once at that time.
After the meeting with president, Sulayem was quoted in a press release as saying the vision o the Bolsonaro administration, “through liberal economic policies, is to take the country to a position where it is open for business and where investors can create jobs, infrastructure and wealth for a nation which has so much potential.” According to Sulayem, DP World remains optimistic about growing its business in Brazil. “I thanked the President and his cabinet members for their warm welcome and their open and frank discussion with us,” he concluded.
Sulayem had convened with Brazil’s foreign minister Ernesto Araújo on Monday (22), also in Brasília. The agenda included social reforms, a stable, efficient regulatory framework to bring investments in, and public-private partnerships to encourage foreign direct investment.
The DP World CEO also met with federal congressman Eduardo Bolsonaro, the president’s son; minister of Mines and Energy Bento Albuquerque, to discuss Brazil’s energy system; and Infrastructure Ministry executive secretary Marcelo Sampaio, on how to improve national infrastructure.
DP World
DP World Santos is the biggest private multimodal terminal in Brazil. It’s set in the Port of Santos, which is the biggest such facility in Latin America. The terminal can handle 1.2 million TEU. December 2017 saw DP World buy out Odebrecht’s stake in the port to attain 100% ownership.
DP World is active in other Latin American countries, like Peru, Ecuador, Chile, Argentina, Dominican Republic. It also has operations in the Americas, Europe, Asia, Africa, the Middle East and Oceania.
Translated by Gabriel Pomerancblum
