{"id":80221,"date":"2024-08-07T00:00:00","date_gmt":"2024-08-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/07\/dubai-is-investing-aed-2-1-bn-into-london-gateway-expansion-project\/"},"modified":"2024-08-07T00:00:00","modified_gmt":"2024-08-07T00:00:00","slug":"dubai-is-investing-aed-2-1-bn-into-london-gateway-expansion-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/07\/dubai-is-investing-aed-2-1-bn-into-london-gateway-expansion-project\/","title":{"rendered":"Dubai is investing AED 2.1 bn into London Gateway expansion project"},"content":{"rendered":"

<\/strong>Dubai is investing AED 2.1 bn to expand the DP World-operated London Gateway<\/strong>, Dubai\u2019s First Deputy Ruler Maktoum bin Mohammed bin Rashid Al Maktoum said in a statement<\/a> ahead of DP World\u2019s launch of the port\u2019s GDP 350 mn<\/a> fourth berth later this month. Construction work on the London Gateway expansion project \u2014 which will handle around 55% of the UK\u2019s South East cargo \u2014 was launched nearly two years ago<\/a>. <\/p>\n

Details:<\/strong> The fourth berth is slated to boost port handling capacity to 3.4 mn containers \u2014 up from 2.4 mn containers \u2014 by increasing the total berth length to 1.68k m, according to the statement. The project is set to position the London Gateway as the UK\u2019s largest operational port, and the firm seeks to leverage the port\u2019s additional handling capacity to connect with 130 ports worldwide.<\/span><\/p>\n

It doesn\u2019t stop there:<\/strong> DP World is looking to develop berths five, six, and seven at London Gateway, the statement said, without specifying the investment ticket or timeline. The move looks to meet the additional capacity needs expected in UK markets starting 2027.<\/p>\n

Boosting trade:<\/strong> Dubai is looking to expand trade and logistics cooperation with the UK through the gateway, Maktoum explained. \u201cDP World currently operates in 34 locations across the UK, employing 6k individuals \u2014 a figure set to double to 12k with the completion of the logistics park at London Gateway,\u201d Maktoum said.<\/p>\n

REMEMBER<\/strong>- <\/strong>The fourth berth at London Gateway is expected to be among the most sustainable ever built, with all-electric equipment. DP World invested GBP 12 mn in eight new straddle carriers for the berth over a year ago. The company\u2019s Southampton logistics hub also switched to hydrotreated vegetable oil and has eliminated fossil diesel from its operations in order to cut carbon emissions from its fleet by 90%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction works on the London Gateway expansion project were launched in 2022<\/p>\n","protected":false},"author":1,"featured_media":80222,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38],"tags":[23,44,37,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ports","tag-dp-world","tag-investment-watch","tag-ports","tag-uae","wpautop","entry"],"acf":{"mongo_id":"875634ee-6382-4457-ad53-e9142b01f61b","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai is investing AED 2.1 bn into London Gateway expansion project","related_issue":[80216],"teaser":"Construction works on the London Gateway expansion project were launched in 2022","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.41718e38-9aec-4a07-9c43-5fee30cf403c.mp3"},"yoast_head":"\nDubai is investing AED 2.1 bn into London Gateway expansion project - 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