UAE-based port operator DP World is set to develop a new USD 50 mn logistics center in South Korea’s Busan New Port, according to a statement released on Friday. Construction on the DP World Busan Logistics Centre (BLC) is slated to begin at the end of the year with operations kicking off by 2Q 2026, the statement notes.

What we know: BLC will cover 75k sqm and have the capacity to process some 80k TEUs of cargo a year by 2028. The facility will provide assembly, processing, and packaging to local and regional customers while specializing in the handling of key South Korean exports including cars, automotive parts and materials, fishery equipment, and machinery, the statement said.

Why is this important? The new facility will bolster end-to-end supply chain offerings for DP’s South Korean clients and boost Busan New Port’s positioning as a key supply chain hub and as an enabler for intra-Asian trade, CEO and Managing Director of DP World Asia Pacific Glen Hilton said in the statement.

It’s a family affair: DP World’s latest investment will see BLC’s operations integrated with DO World subsidiary Pusan Newport Company ’s freight handling solutions and South Korean multimodal transport and rail outfit Unico Logistics logistics’ rail freight, the statement said. DP World acquired a majority stake in Unico back in 2020.

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