DP World has signed multiple memorandums of understanding (MoUs) valued at Rs 25,000 crore ($3 billion) with the Government of Gujarat.
DP World has solidified its commitment to India with a series of memorandums of understanding (MoUs) totaling Rs 25,000 crore ($3 billion) signed with the Government of Gujarat. The agreements, inked during the Vibrant Gujarat Global Summit 2024 in Gandhinagar, position Gujarat as a developmental role model and a key growth engine for the nation.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, exchanged MoUs with M K Das, Additional Chief Secretary of the Government of Gujarat, in the presence of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Prime Minister Narendra Modi.
The strategic investments include the development of multi-purpose deep-draft ports in South Gujarat and along the western coast toward Kutch, special economic zones in Jamnagar and Kutch, and Gati Shakti cargo terminals (GCT) and private freight stations in Dahej, Vadodara, Rajkot, Bedi, and Morbi.
DP World, operating in India for nearly 20 years, has invested close to $2.5 billion. The newly announced projects signify further investments over the next three years. DP World has also signed an MoU with the Gujarat Maritime Board to identify opportunities for additional port development along Gujarat’s coastline.
Earlier, DP World signed a $510 million concession agreement with the Deendayal Port Authority for a mega-container terminal at Tuna-Tekra in Kandla, set to handle next-generation vessels.
