DP World has big plans, and they’re betting on China to help make them happen. The UAE-based logistics giant, fresh off its acquisition of Cargo Services Far East in Hong Kong, is doubling down on its ambitions to connect China’s booming manufacturing sector with the rest of the world. Sultan Ahmed Bin Sulayem, DP World’s CEO, is confident that by adding Hong Kong to their logistics empire, they can streamline the flow of Chinese products to markets as far-reaching as Africa, the Middle East, and beyond.
It’s not just business as usual, though. This acquisition, Bin Sulayem believes, is a game-changer for DP World’s access to sectors like high-end fashion and retail, which Cargo Services specializes in. By merging expertise, DP World aims to handle everything from ocean and air freight to cold-chain logistics, opening doors to new markets and strengthening existing ones. “China is still the factory of the world,” Bin Sulayem says, brushing aside any notions that the country’s economic engine is losing steam.
But this isn’t just about China. DP World’s vision stretches far beyond Asia, with plans to pump $3 billion into Africa’s port and logistics infrastructure over the next few years. With Africa, the Middle East, and Europe already generating over 70% of the company’s revenue, these regions are set to become even bigger players in their global network. And that’s not all. By the end of this year, DP World plans to have over 200 freight forwarding offices, aiming to cover nearly all global trade routes.
The Greater Bay Area, a Chinese government initiative to turn Hong Kong, Macau, and parts of Guangdong into a powerhouse region, is another jewel in DP World’s crown. Bin Sulayem is eyeing the area’s massive potential—both in terms of GDP and population—as a key part of DP World’s future strategy. For him, the opportunities in China and beyond are growing, not shrinking, and he’s ready to lead the charge into new frontiers.
(Source: SCMP | Seatrade Maritime News)