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DP World ready to invest $1 billion in India

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Staff writer ▼ | February 17, 2016
DP World said it seeks opportunities in India worth over $1 billion over the next few years.
DP World
Investment   UAE delegation visited India
The group has already invested capital of $1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market share.

The announcement was made during a visit to New Delhi and Mumbai by Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates (UAE), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.

The visit follows a two-day official trip by Indian Prime Minister Narendra Modi to the UAE last August.

Sheikh Mohammad Bin Zayed Al Nahyan said: “The UAE and India enjoy historic bilateral relations and these potential investments reinforce our confidence in the long term growth of the Indian economy and our desire to actively contribute to the economic development of this friendly nation.

“DP World has established a leading position in the Indian market and is a pioneer in the development of container terminals. It has the biggest portfolio along the Indian coast and is looking to enhance its presence there, transferring the UAE’s experience of infrastructure development in line with our plans to enhance the strategic relations between our countries and to take them to a higher level.”