DP World investing $1.6bn on upgrade of Dubai port

Dubai-based port operator DP World has announced that it is building a new container terminal worth $1.6bn in Dubai to accommodate the growing demand for more capacity and bigger vessels.

The company that owns the Jebel Ali Port said that it will deliver an additional capacity of 2 million TEU in Terminal 3 by the second half of 2015 to respond to the growing market demand.

It also announced the construction of the new Terminal 4 that will deliver a capacity of 3.1 million TEU by 2018 after the construction of the first phase, taking the port's capacity to 22.1 million TEU.

Reuters quoted DP World chairman Sultan Ahmed Bin Sulayem as saying, "The new capacity is a response to feedback from customers expressing the need for more capacity at Jebel Ali due to an expected increase in trade in the run-up to Expo 2020."

The company stated that the complex will feature around 110 cranes, with a total quay length of about 11,000m.

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