An exterior view of DP World, UAE Region pavilion at the 14th Annual GPCA Forum in Dubai.
Global trade enabler DP World’s flagship Jebel Ali Port handles 65 per cent of the polymer exports from the GCC region and has showcased this industry-leading strength at the 14th Annual GPCA Forum in Dubai, organized by the Gulf Petrochemicals and Chemicals Association on 3-5 December 2019.
A highlight of DP World, UAE Region’s participation at the 3-day event was the port’s enormous capacity to handle petrochemical and chemical products, as well as the world class integrated logistics hub created by Jebel Ali Port and Jebel Ali Free Zone (Jafza).
Over 10,000 petrochemical manufacturers and traders benefit from the high value added services offered by the hub, and Jafza is home to more than 500 petrochemical companies.
The GPCA Forum is acknowledged as a region’s leading platform for the exchange of ideas on the petrochemical industry and the event was attended by over 2,100 international industry decision-makers, executives and professionals.
Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region, said:
“The GPCA Forum has provided us with an ideal platform to show the world that our flagship Jebel Ali Port excels in handling essential cargo other than containers, for which we’re well known. We at DP World, UAE Region count the chemical and petrochemical sectors as part of our key industry clusters. Jebel Ali port and Jafza’s capabilities as an integrated hub caters to the extensive demands of the industry at local and international levels.
“The complex business landscape of petrochemicals is currently underpinned by rapidly changing regulations, constant technology disruption and evolving customer demands. DP World, UAE Region is constantly striving to work in this direction and develop a set of strategies for a new era of opportunities and growth.”
The GCC economies are quickly moving into leadership position along the downstream supply chain, including distributing and selling the petroleum products.
In light of this, DP World, UAE Region is strengthening its bond with every manufacture, trader and business under the chemical and petrochemical umbrella in line with its policy of seeing them as true partners in the supply chain.
The growth value of the global petrochemical industry is anticipated to register a Compound annual growth rate (CAGR) of 8.5 per cent through 2025. With its proven handling strength in polymer exports, Jebel Ali Port has set its horizon to optimize the sector in the upward direction.
DP World is the leading enabler of global trade and an integral part of the supply chain.
We operate multiple related businesses – from marine and inland terminals, marine services, logistics and ancillary services, to technology-driven trade solutions.
Our portfolio of more than 150 operations in over 50 countries across six continents gives us a significant presence both in high-growth and mature markets.
DP World’s dedicated team of more than 50,000 employees from 120 countries build enduring relationships with governments, shipping lines, importers and exporters, communities, and many other essential constituents of the global supply chain, providing quality value-added services today and tomorrow.
Container handling is the company’s core business and generates more than half of its revenue. In 2018, DP World handled over 70 million TEU (Twenty-foot Equivalent Units) across our portfolio. With a pipeline of committed developments and expansions, we expect the current gross capacity of 91 million TEU to rise in line with market demand.
By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to the economy and society.
Meanwhile, Abu Dhabi Cruise Terminal, a wholly owned subsidiary of Abu Dhabi Ports, today announced the launch of a new baggage service designed to ease transfers for cruise ship passengers. Baggagement – an international baggage management company – has been engaged to provide its services to cruise ship passengers arriving in the UAE to join cruise ships leaving from Abu Dhabi Cruise Terminal at Zayed Port.
As part of the procedure, passengers’ baggage can be transferred from the cruise terminal in Abu Dhabi to wherever the passengers desire, whether to a city, airport or even another emirate - meaning that passengers need only take carry-on baggage with them as they leave the cruise terminal, delivering easy and efficient movement. For those passengers travelling to an airport, it will enable them to skip the inconvenient queues at the airport check-in counter, saving up to 60 minutes of their time. The new service will also provide participating passengers with an app, allowing them the convenience of tracking and tracing their luggage in real-time.
Noura Rashed Al Dhaheri, Cruise Terminal Manager at Abu Dhabi Ports, said of the launch: “In line with our goal of maintaining our competitive advantage, we are pleased to introduce this new service to passengers in the cruise terminal. We are committed to offering a seamless passenger experience, and the streamlining of baggage services is a welcome milestone as we progress towards our objective of consolidating Abu Dhabi’s position as a premier international hub for tourism.”
DP World, UAE Region has implemented a rapid, resolute action plan to secure the health and safety of its people and its services across all its business, logistics and supply chain assets to keep essential trade flowing in the midst of the global pandemic.
Jebel Ali Free Zone (Jafza), the Middle East’s largest special economic zone, saw the inauguration of the new Dubai-based offices of the Pepperl+Fuchs Group, a global leader in manufacturing electrical explosion protection and sensor technology, at its state-of-the-art Jafza One facility.
DP World has announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone (Jafza). DP World will hold a majority share in the 70/30 joint venture.
Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, on Sunday chaired the 59th meeting of the Gulf Cooperation Council (GCC) Commercial Cooperation Committee, under the framework of the UAE’s presidency of the current session of the GCC.
Exports of Dubai Chamber members exceeded a combined value of Dhs45 billion between June and August 2020, marking a 7.4 per cent increase compared to the March-May period during the same year.
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles (EVs) and cut down its dependence on oil, according to a government proposal.