DP World

Shipping
4
DU: DPW
UAE

"DP World, one of the world’s largest port operators, said on Thursday it is talking to Iranian authorities about starting port operations in the country. The company is interested in Iranian port operations on the Caspian Sea and in the Gulf, Chairman Sultan Ahmad Bin Sulayem told reporters on a conference call on Thursday. 'Iran has a great land bridge of rail that will connect the Silk Road … and we figure with our ports in the Gulf we need to go through Iran,' he said. Two out of DP World’s three ports in the UAE, including flagship Jebel Ali, are in the Gulf and it has port operations on the Caspian Sea in Kazakhstan. The port operator is just one of many multinational firms that have expressed interest in investing in Iran once sanctions are lifted... Bin Sulayem said he visited Iran two weeks before the agreement was reached. 'We are very interested in the Iranian market and we believe it has great potential,' he said." (Gulf News, "DP World in talks to operate ports in Iran," 8/27/15)

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"DP World, one of the largest port operators in the world, is weighing investments of up to $1 billion in Iran, the IRNA news agency quoted officials as saying. A delegation from the Dubai-based company, including its chairman and executives and their British partners, is visiting Iran on a three-day trip to study investment opportunities, it said. On Tuesday, they visited the Caspian port of Bandar Anzali, the Qeshm island in the Persian Gulf and Chabahar on the Gulf of Oman to assess trade capacities. 'The Emirati delegation will be examining the capacities of the three free trade zones for an investment of $500 million to $1 billion,' deputy head of the Chabahar Free Trade Zone Mohsen Mohammadi Moin said." (Press TV, "Top port operator weighs Iran investment," 7/8/215)