DP World reports strong 1H2021 financial results

Selective Investment in Key Growth Markets

  • Capital expenditure of $687 million invested across the existing portfolio during the first half of the year.

  • Capital expenditure guidance for 2021 is for approximately $1.2 billion with investments planned into UAE, Canada, Jeddah (Saudi Arabia), Berbera (Somaliland), Sokhna (Egypt), Luanda (Angola), P&O Ferries, London Gateway (UK) and Callao (Peru).

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Around $1.2bn of capital expenditure has been earmarked for the rest of the year, with planned investments into London Gateway, the UK’s P&O Ferries as well as into the UAE, Canada, Saudi Arabia, Egypt, Angola, Peru and Somaliland.