Dubai logistics firm invests £300m in expansion of London operations
An international logistics company has announced that it is investing £300m in the expansion of its London hub.
DP World, which is headquartered in Dubai, is set to begin work on a fourth berth at its London Gateway logistics hub.
It said that the work, which will start next month, will increase supply chain resilience and create more capacity.
Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, commented: “I am delighted to announce that we will go ahead with our latest major investment in the UK, which will give London Gateway more capacity to handle the world’s largest vessels than any other port in the country.
“As a central pillar of Thames Freeport, London Gateway’s new fourth berth will allow even more customers to benefit from world class ports and logistics, with unrivalled global connectivity, on the doorstep of Europe’s largest consumer market.
“DP World plans to be at the heart of Britain’s trading future and this investment shows that we have the ambition and the resources to boost growth, support businesses, create jobs and improve living standards.”
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