It has been a pretty good 'Arab Spring' so far for DP World, the global ports operator based in Dubai.
Last week's trading figures confirmed what the optimists have been saying since disturbances broke out in Tunisia in January: that adversity in other regions of the Gulf and wider Middle East would be an opportunity for DP World to take in business at Jebel Ali, the UAE's premier port.
So it has proved. Terminals in Egypt, Saudi Arabia and Yemen have experienced a decline in business, but Jebel Ali is up, handling more containers than ever before in the second quarter.
No comments:
Post a Comment