Year in Review
DP World Annual Report & Accounts 2021
At the beginning of 2021, we partnered with UNICEF to support the distribution of COVID-19 vaccines to lower-income countries worldwide. We also joined hands with major players in global air routes and logistics networks to speed up vaccine distribution as part of Dubai’s Vaccine Logistics Alliance.
We signed an agreement with the government of Angola to operate and manage the first multipurpose port terminal on the western coast of Southern Africa in Luanda.
Our port in Limassol, Cyprus, enhanced its capability by going digital and adopting our CARGOES TOS+ operating system. This provides all supply chain users with real-time information on their cargo.
India, South Africa, Indonesia, and the Federation of Israeli Chambers of Commerce also joined our World Logistics Passport (WLP) in February.
Along with Caisse de depot et placement du Quebec (CDPQ), a global investment group, we signed a long-term agreement with Maspion Group to start the construction of an international container port and industrial logistics park in Gresik, Indonesia.
We proudly announced the findings of our “Trade in Transition” study, giving a deeper understanding of the private sector sentiment on international trade. Gearing towards Expo 2020 Dubai, we signed an agreement with Zayed University, Dubai, to showcase their students’ work in our Flow Pavilion to visitors coming from around the world to Expo 2020 Dubai.
We launched DUBUY.com, a B2B e-commerce portal that will connect African businesses to regional and international markets – ensuring goods are delivered safely, reliably and on time. It was launched in Rwanda, with plans to expand across Africa and beyond.
We signed a memorandum of understanding (MoU) with the Ministry of Ethiopia to develop a road linking Ethiopia to Somaliland into one of the major trade and logistics corridors of the country’s international trade routes. We extended our WLP portfolio in Asia by welcoming Vietnam as a member.
Our UK ports, Southampton and London Gateway, became the first in the country to handle Freightliner’s new 775m intermodal container trains – further cementing the critical role of smart logistics hubs in the UK’s international supply chain.
We expanded our portfolio in Somaliland by opening a new terminal at Berbera port that will offer an annual capacity of 500,000 TEU and we broke ground for an economic zone to be near our port.
July saw the announcement of two major acquisitions – syncreon and Imperial Logistics. syncreon is a US-based company with strong logistics solutions capability across 91 sites in 19 countries. Imperial Logistics is an integrated logistics company with a presence across Europe and Africa.
CARGOES Finance was launched to connect companies in need of trade finance solutions with financial institutions. Uzbekistan joined the WLP, connecting it to the network of the world’s first freight loyalty scheme across Europe, Asia, Africa and Latin America.
We announced an investment of £300m in a fourth berth at our UK port, London Gateway.
Our subsidiary, Drydocks World, announced the opening of South Yard – a development aimed at providing world-class facilities for oil and gas renewable energy segments.
We revealed our new corporate logo and refreshed visual identity at the opening ceremony of DP World Flow Pavilion at Expo 2020 Dubai.
We announced partnerships with Dubai Culture to work together to boost Dubai’s cultural and creative economy.
We also announced partnerships with the CDC Group to create a new investment platform in Africa to increase trade, creates new job opportunities and broaden access to essential goods in the region.
Along with Virgin Hyperloop, we partnered with the Institution of Civil Engineers (ICE), Class of Your Own (COYO), Bentley Systems and Cadventure to launch the DEC Future Infrastructure Challenge. This programme is designed to inspire future professionals to innovate solutions that strengthen the UAE’s transportation infrastructure of the future.
Our WLP initiative expanded into China for the first time. Fujian Port Group from China joined as a WLP Partner, enabling local businesses to increase annual trade by an average of 5-10%.