Sunday 15 April 2012

Dubai World to invest Dh13.6bn in 3 years - Emirates 24/7

Dubai World (DW), one of the largest ports companies in the world, is planning to invest Dh13.6 billion in new projects in the next three years as part of an ongoing expansion strategy worldwide, its chairman was quoted on Sunday as saying.

The company already invested nearly Dh1.7 billion in 2011, mainly in its Jetway project in London, Sultan bin Sulayem said.

“We have plans to invest nearly Dh13.7 billion until 2014…these will cover 10 large expansion projects targeting promising markets,” he told the Abu Dhabi-based Arabic language daily Alittihad.

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