ArabianBusiness.com - Middle East Business News
Saturday, 21 November 2009 17:04 UAE time

YOUR DIRECTORY /

| Share |

DP World eyes $239mn investment in Australia port

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 26 July 2008
WORLD-WIDE: DP World already leases three container terminals at Brisbane. (Getty Images)
WORLD-WIDE: DP World already leases three container terminals at Brisbane. (Getty Images)

Dubai Ports World said on Saturday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest 250 million Australian dollars ($239.5 million) in the port in response to market demand.

Under the deal, DP World will lease a container-only terminal for an initial 20-year term, with a 20-year option, Port of Brisbane Corp Chief Executive Jeff Coleman said in a statement.

DP World currently leases three container terminals at the port, it said.

Story continues below ↓
advertisement

"DP World is looking at investing around 250 million Australian dollars at Fisherman Islands over time to expand and to re-engineer the terminal in response to market demand," DP World Chief Executive Mohammad Sharaf said in the statement. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST TRANSPORTATION

  1. Drop in Saudi road deaths
  2. EXCLUSIVE: Boeing chairman sees more job cuts in 2010
  3. Emirates signs deal to help develop Senegal carrier
  4. Four international firms bid for Oman airport deal
  5. Emirates' A380 growth 'constrained by airport space'

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai replaces head of DIFC
  2. UAE expects to see up to 3% economic growth in 2010
  3. Abu Dhabi Int’l Airport records 7% growth in Oct
  4. UAE bags communication award
  5. Dubai's Abraaj eyes property investments

ALSO IN MIDDLE EAST TRANSPORTATION

  1. IN PICS: Australian Motorcycle Expo
  2. Abu Dhabi Int’l Airport records 7% growth in Oct
  3. Qatar to sign $25bn mega railway deal on Sunday - report
  4. Flying in the face of adversity
  5. Somali pirates free UAE-owned cargo ship

LATEST MIDDLE EAST BUSINESS NEWS

  1. Real Estate: Merger technical talks to conclude in a month - Emaar
  2. Banking & Finance: Dubai's Abraaj eyes property investments
  3. Banking & Finance: Emirates NBD launches bank’s new brand identity
  4. Transportation: Abu Dhabi Int’l Airport records 7% growth in Oct
  5. Retail: RTA to lease out last batch of retail outlets available on Red Line

SHARE PRICE CHECK

RELATED STORIES

Dubai Ports World
| 32 stories
  1. Virtual handling
    19 Jul '08 | Features
  2. DP World finalising construction contract
    8 Jul '08 | News

RELATED LINKS

  1. Dubai Ports World»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Dubai Ports World

  2. Transportation


CURRENCY CONVERTOR

Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  3. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY