Dubai-based logistics company, which has a terminal at the Port of Santos, announced the decision to open six new cargo-focused offices in Brazilian cities by 2026.
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An investment of USD 500 million was committed towards a terminal for grains and fertilizers. Construction is expected to span 30 months, pending government approvals.
To attract investment and bolster exports, governor João Doria penned memorandums of understanding with DMCC, World Logistics Passport, and Abu Dhabi Global Market. São Paulo Expo Week ends on Sunday (31) in Brazil pavilion at Expo 2020.
Arab Brazilian Chamber’s president and secretary-general had meetings with representatives of FDI, Dubai Exports and DP World to discuss ways to facilitate Brazil-UAE trade.
Viracopos International Airport and DP World Santos terminal joined the initiative by the United Arab Emirates, which aims to expand commercial opportunities between emerging markets and facilitate access to the Middle East, Asia, and Africa.
The Dubai-based logistics company handled 18.9 million TEU at its container terminals worldwide in the first three months of this year.
The Dubai-based global port operator released its results this Monday (26), showing signs of a rebound in all its markets.
Dubai-based global port terminal operator handled 71 million TEU last year.
So said Operations director Mahmood Al Bastaki during the Global Business Forum Latin America, in Panama. The Dubai-based port operator is currently active in Peru, the Dominican Republic, Argentina, Brazil and Chile.
Global port operator from Dubai grew by 19.8% in revenue and mentioned its terminal in the Brazilian coast as a positive factor for this result.
Brazil’s biggest seaport, on the São Paulo coast, handled unprecedented amounts of cargo in August and year-to-date through August.