DP World overseas expansions never stop
DP World is putting more weight behind its LatAm trade platform: Dubai-based ports operator DP World and the Dominican Republic government will invest an additional USD 100 mn to expand warehousing and logistics infrastructure at the DP World Freetrade zone in Caucedo. The new investments will tighten port-freezone-logistics integration at a site poised to serve US-bound manufacturing alongside Latin America and the Caribbean.
DP World already committed some USD 760 mn to its Dominican Republic operations, where its capacity stands at 2.5 mn TEUs. The new expansion is expected to raise container handling capacity to around 3.1 mn TEUs, attract USD 3.9 bn in FDI, and drive USD 4 bn in manufacturing output.
Oman lines up its Saudi border dry port
Egyptian EPC contractor Edecs Group was awarded the construction package for a dry port and veterinary quarantine facility at Ezad IP3 in Oman's Al Dhahirah Economic Zone (Ezad), partnering with local firm Assarain Group. The 388 sq km zone sits roughly 20 km from the Rub Al Khali border crossing with Saudi Arabia and approximately 105 km from Ibri Industrial City.
Grand SLAM
Bahrain’s Mumtalakat is anchoring a French private equity fund focused on sport, luxury, arts, and music (SLAM) — billed as the first PE vehicle dedicated to those sectors — under a partnership with Paris-based TRAIL. As part of the agreement, TRAIL will open a Manama office that will serve as its GCC hub, supporting portfolio companies and enabling regional capital raising.
The mandate: Develop SLAM’s sectors in Bahrain and across the GCC through direct investments and by helping the fund’s portfolio companies expand regionally.