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Article: Dubai Ports World to expand Latin America operations.(growth of Dubai Ports World )(Brief article)
- Article from:
- Middle East
- Article date:
- August 7, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dubai Ports World recently revealed plans to expand its operations significantly in Argentina, which is regards as a key emerging market and potentially lucrative investment destination. The move by the Dubai-based terminal operator will significantly increase the company's presence in Latin America.
DP World will reportedly invest some $100 million to expand facilities at the port in Buenos Aires, Argentina, according to Khaleej Times. In addition, is will look at investing in a new mega port and developing three free zones in the country.
The announcement of the upcoming deal followed talks with high-level officials in Buenos Aires, Argentina with ...