Thursday 28 August 2014

Is DP World Eyeing New Investment Opportunities? - Middle East Real Time - WSJ

Is DP World Eyeing New Investment Opportunities? - Middle East Real Time - WSJ:



"After posting a decent set of numbers in the first half, a company can be excused if it sounds optimistic about its growth outlook.



In DP World’s case – the numbers are more than decent. The Dubai-based ports operator, one of the largest globally, reported a solid 26% jump in six-month earnings as it added new capacity amid a pick up in global trade.



Senior executives reckon the company is well positioned to capitalise on the “significant” medium to long-term growth potential of the industry. It plans to substantially expand handling capacity at existing operations such as its flagship Jebel Ali port in the United Arab Emirates."



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