Sunday 21 June 2020

#Dubai's DP World still eyeing revenue-generating acquisitions - Arabianbusiness

Dubai's DP World still eyeing revenue-generating acquisitions - Arabianbusiness:

The giant Dubai-based ports operator DP World is "preparing for the worst" in the months ahead, as coronavirus inflicts the heaviest blow on global trade since World War II.

However, the firm which runs port and logistics operations in 54 countries is still hungry for revenue-generating acquisitions, its chairman Sultan Ahmed bin Sulayem told AFP in an interview.

Already one of the most profitable government-linked entities in Dubai, DP World has spent billions of dollars on assets ranging from P&O Ferries in Britain to terminals in Chile.

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