Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Wednesday 7 April 2010
DP World readies for expansion
DP World is drawing closer to reviving its global investment plans after increasing its cash pile to almost US$3 billion (Dh11.01bn).
After pushing down costs judiciously during the downturn, including trimming its global workforce by 5 per cent, the world’s fourth-largest ports operator is in a prime position to invest in new terminals where it sees the greatest untapped demand.
“We have the ability to time it once we see the markets come back,” says Yuvraj Narayan, the chief financial officer of DP World. “Our plan was to complete most of these by 2013. I think what you will see is two years market respite.”
No comments:
Post a Comment