DP World boss holds talks with Peru PM
Dubai, February 14, 2012
The chairman of DP World recently toured DP World Callao, the largest container terminal on South America’s Pacific Coast, and held talks with the Prime Minister of Peru on the company’s role in Peru’s growth.
Sultan Ahmed Bin Sulayem was accompanied by a high-level delegation that included Ambassador Mohammed Eissa Al Zaabi, DP World chief executive officer Mohammed Sharaf, Suhail Albanna, senior vice president, Government Relations and senior vice president and managing director, Americas, Matthew Leech.
DP World Callao has an annual average operating capacity in excess of 850,000 TEU (twenty foot equivalent container units). It is located in the south zone of the port of Callao, covering an area of 245,000 sq m.
Its two berths, each 350 metres with a 16-metre draft, are capable of handling two post-Panamax vessels of around 8,000 TEU at the same time.
Peru is one of the fastest growing emerging markets with the World Bank projecting a 5.1 per cent growth in GDP this year, the second highest in Latin America.
Additionally, the latest report of Business Monitor International (BMI), says that future looks bright for Peruvian ports as they position themselves as gateway to Asia. BMI sees private consumption being the main driver of growth as incomes rise and consumer credit becomes more widespread, boosting import volumes at ports.
It expects growth of 8.6 per cent in total tonnage throughput at the port of Callao to 20.2 million tonnes.
Bin Sulayem said: “DP World Callao is one of our strategic investments focusing on emerging markets. It has already contributed solidly to the local economy posting strong performances since it opened for business in 2010.”
“DP World is proud to be a contributor to Peru’s economic development and is committed to strengthen DP World Callao’s position as a premier terminal serving Peru and the wider region.”
“While uncertainty remains about the global economy, we are confident of the bright future of Peru under the guidance of its wise leadership. DP World is pleased to be an active participant in the country’s development and growth through its long term commitment and investment in the port,” he added. – TradeArabia News Service