{"id":96768,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dp-world-to-commit-gbp-1-bn-to-london-gateway-after-resolving-uk-spat\/"},"modified":"2024-10-14T00:00:00","modified_gmt":"2024-10-14T00:00:00","slug":"dp-world-to-commit-gbp-1-bn-to-london-gateway-after-resolving-uk-spat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/14\/dp-world-to-commit-gbp-1-bn-to-london-gateway-after-resolving-uk-spat\/","title":{"rendered":"DP World to commit GBP 1 bn to London Gateway after resolving UK spat"},"content":{"rendered":"

DP World\u2019s UK row resolved: <\/strong>DP World will confirm at a London investment conference today that it is committing GBP 1 bn (c. USD 1.3 bn) in investments to the DP World-operated London Gateway, Bloomberg<\/a> reports, citing a source familiar with the matter. <\/p>\n

What happened? <\/strong>A report on Friday had said DP World was putting the plan on hold after UK Transport Secretary Louise Haigh and Deputy Prime Minister Angela Rayner criticized<\/a> the port operator\u2019s employment practices and called for a boycott of DP World subsidiary P&O Ferries.<\/p>\n

Starmer walks it back: <\/strong>UK Prime Minister Keir Starmer rebuked Haigh and Rayner, saying theirs was not \u201cthe view of the government\u201d \u2014 and DP World welcomed the PM\u2019s intervention. \u201cFollowing constructive and positive discussions with the government, we have been given the clarity we need,\u201d DP World said in a statement on Saturday.<\/p>\n

A boon for London Gateway\u2019s operations: <\/strong>London Gateway \u2014 which boasts three berths with a four set to open within weeks \u2014 would see the addition of two more berths, increasing the port\u2019s capacity by 50% and bringing DP World\u2019s total workforce there to 1.6k from 1.2k. The expansion would strengthen London Gateway\u2019s position to take over Felixstowe as the UK\u2019s busiest container facility by 2030. <\/p>\n

BACKGROUND-<\/strong> DP World is investing AED 2.1 bn to expand London Gateway, Dubai\u2019s First Deputy Ruler Maktoum bin Mohammed bin Rashid Al Maktoum said in a statement back in August<\/a>. Construction work on the London Gateway expansion project \u2014 which will handle around 55% of the UK\u2019s Southeast cargo \u2014 launched nearly two years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

DP World paused investment plans after two UK politicians slammed their employment practices<\/p>\n","protected":false},"author":1,"featured_media":96769,"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":[2210],"tags":[244,7,1904,99,793],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch-3","tag-dp-world","tag-enterpriseam-uae","tag-investment-watch-2","tag-logistics","tag-uae-uk-relations","wpautop","entry"],"acf":{"mongo_id":"865dbbe3-0fcf-47a3-91e1-ad74942f9715","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1038.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DP World to commit GBP 1 bn to London Gateway after resolving UK spat","related_issue":[96761],"teaser":"DP World paused investment plans after two UK politicians slammed their employment practices","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.d1113d1b-ba2e-4c44-aa4a-4559a6aa2f48.mp3"},"yoast_head":"\nDP World to commit GBP 1 bn to London Gateway after resolving UK spat - 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