DP World has announced its intention to expand flagship port Jebel Ali in the UAE by creating an additional 4 million TEUs of capacity, resulting in total capacity at Jebel Ali reaching 19 million TEUs by 2014.
DP World will be investing around US$850 million over three years, adapting 1,860 metres of quayside and 70 hectares of yard from an existing general cargo berth into a new container terminal within the existing container port. The investment will be financed from existing cash resources and cashflow. The new terminal, which will have a draft of 17 metres, will be able to handle the world's largest container vessels planned for the future.
In October, DP World announced record container volumes in the UAE region for 2011, with growth of 11 percent so far this year and over a million TEU per month being handled in the port.
