DP World has announced that it will allocate approximately 7.4 billion dirhams ($2 billion) in capital expenditures to expand its business portfolio during 2024. The company plans to inject new funds and investments into 7 regions within its global business portfolio, focusing on Jebel Ali Port in Dubai, London Gateway, the internal logistics network in India, Dakar in Senegal, East Java in Indonesia, Callao in Peru, and Jeddah in Saudi Arabia. In 2023, DP World invested a total of 7.7 billion dirhams ($2.1 billion) in capital expenditures, with 48% allocated to ports and stations, 30% to logistics services, and 21% to marine services.
The group expects to handle 102.6 million TEUs (twenty-foot equivalent units) in 2024. Capital flows in 2023 were distributed as follows: 76% in the Middle East, Africa, and Europe, 15% in Australia and the Americas, and 9% in Asia, the Pacific, and India. DP World’s capital expenditures for expansions and new investments accounted for $1.4 billion or about 67% of the total expenditure of $5 billion; replacement and substitution costs amounted to $420 million or about 15%, while maintenance work costs were at $439 million or about 15%.
DP World has also made other announcements related to their business operations such as launching their new Hamster Kombat game that allows users to earn crypto tokens by playing games with hamsters on a virtual platform; introducing Selector GG Casino that offers exclusive games designed for players who prefer gaming on mobile devices; Ramen Bet Casino that combines traditional ramen noodle dishes with online gambling; as well as various discussions about flowers as gifts including cream roses for Valentine’s Day special occasions and yellow roses for friendship day celebrations. Additionally, tips on caring for flower bouquets have been shared along with the significance of different flower colors for various occasions such as red roses symbolizing love and passion while blue represents loyalty and trustworthiness.
Overall DP world is expanding its business operations through significant investments while also offering unique products and services related to their portfolio which is sure to attract more customers globally.