April 02, 2023
Dubai’s DP World has invested more than $10 billion (Dhs37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data from FDI Intelligence. The state-owned ports operator ranked fifth in the world in 2022 by total value of direct investments allocated to the overseas logistics services sector. DP World’s investments in 2022 totaled $320 million despite the plunge in the demand for logistics services due to a confluence of a slowing global economy, supply chain crunch, and geopolitical tensions. The global logistics industry is expected to record single-digit growth in 2023.
Read the original article in Gulf Business: DP World’s investments top $10 billion in past decade