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A significant investment of $400M by DP World, based in Dubai, has boosted the container handling capacity of the South Terminal at the Port of Callao by 80%. This makes Callao one of the leading ports in South America capable of accommodating three vessels simultaneously, or two mega-vessels, following the extension of the Bicentennial Pier near Lima. The pier has been expanded from 650 meters to 1,050 meters as part of DP World’s strategy for Latin America, increasing annual handling capacity from 1.5 million to 2.7 million TEUs (twenty-foot equivalent units) and expanding the container yard space to 40 hectares.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, as well as Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has authorised the launch of the next phase of the ‘Dubai Future Solutions’ initiative today.
The BRICS+ Business Forum, a key event at the 2024 AIM Congress, brought together prominent…
Dubai has achieved a notable milestone by securing a position among the top 10 cities in the Global Power City Index (GPCI) 2023. This distinguished ranking, issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan, marks Dubai as the first city in the Middle East to receive such global recognition.
The 2023 SuperBridge Summit in Dubai showcased insightful discussions on Africa’s infrastructure projects, the dynamic landscape of venture capital, and the evolving role of digital assets in the world of finance. Experts from various fields came together to explore these critical topics, making it a truly remarkable event.
According to a recent report, the assets managed by sovereign wealth funds (SWFs) in the…