Dubai-based logistics firm DP World has expressed interest to establish an industrial park in the Philippines. This development occurred during the meeting between Philippine President Ferdinand Marcos Jr. and DP World group chairman and CEO Sultan Ahmed bin Sulayem on the sidelines of the World Economic Forum (WEF) in Davos.
During the meeting, the DP World’s CEO said that the firm is committed to expanding and investing in the Philippines and also eyeing establishing an industrial park.
In response, Philippine President Marcos said that the government has to decide on possible new sites in terms of operations, planning, and ideal location to spur local development. If the location is viable and will be useful for the firm’s operation, then it would be something that the Philippine Government can immediately develop.
The logistics company has been developing industrial parks in multiple nations including Senegal, Egypt, India, and Pakistan, and has successful ventures in Dubai, the most populous city in the United Arab Emirates. Since its inception in 1972 as a local port operator in Dubai, DP World has transformed into a global logistics provider in over 69 countries and across every continent.
(Sources: PNA; Manila Bulletin)