DP World invests $271 million in Romania to enhance connectivity and boost economic growth

DP World has made significant investments in Romania to enhance connectivity between its sea, rail, barge, and truck services across the country. These investments, totaling over $271 million since 2004, have been supported by grants from the European Union. The company believes that these new facilities will attract major businesses to relocate or expand their operations in the region.

One of DP World’s key investments is in the port of Constanta, the largest container port on the Black Sea. With a $70.5 million investment, two new facilities will be added to the port – a 5-hectare project cargo terminal and a new ro-ro terminal capable of handling up to 80,000 vehicles annually. Additionally, DP World plans to invest $54.2 million in a new multi-transport platform in Constanta, set to open in 2025.

DP World has also opened an 8-hectare intermodal logistics hub in Aiud, connecting rail and road services with a $22.7 million investment. These strategic investments aim to capitalize on Romania’s dynamic economy and its growing role in nearshoring and manufacturing.

Rashid Abdulla, CEO and Managing Director of DP World Europe, expressed optimism about the company’s relationship with Romania and the potential for economic growth in the region. He emphasized how these investments will significantly increase cargo flows through Romania, with around two million tonnes per annum expected to pass through the country.

Cosmin Carstea, CEO of DP World Romania, echoed these sentiments and highlighted the importance of these investments in driving trade and economic growth in the region. DP World’s commitment to Romania reflects its dedication to supporting the country’s development and its strategic position in the European logistics network.

In conclusion, DP World’s significant investments in Romania have been aimed at improving connectivity between its various services across the country. These efforts have been supported by grants from the European Union and are expected to attract major businesses looking for favorable locations for expansion or relocation.

DP World has invested heavily in infrastructure projects such as ports and intermodal logistics hubs that will boost economic growth by increasing cargo flows through Romania