DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem recently met with Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai.
The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project at Posorja, Ecuador.
The project is part of a 50-year concession the company won last year from the Government of Ecuador to build 750,000 TEU (twenty-foot container equivalent) of capacity to fuel the country’s economic growth and connect it with international markets.
Mr. Campana was taken on a tour of DP World’s semi-automated Terminal 3 in Jebel Ali which is a model for the facility being developed in Posorja.
DP World’s total investment in developing Ecuador’s maritime trade infrastructure will be over $1 billion, while creating thousands of jobs during construction. There are also plans to develop a logistics zone to create a regional trading hub in Posorja.