Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Sultan Ahmed Bin Sulayem
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Sultan Ahmed Bin Sulayem

Industry: Transport

Company: DP World

Designation: Chairman

Country: UAE

As boss of the world’s third-biggest ports firm, Sultan Ahmed Bin Sulayem is in a good position to judge the health of the regional economy.

“We expect businesses to do good in 2013... we expect the economy to do very well in all aspects especially in real estate which was suffering and is expected to recover even better,” the chairman of DP World told us last month. “Dubai has really performed better than what is expected, Dubai has this ability, whatever everybody expected with the crisis that its going to paralyse Dubai - it didn›t.» The terminals operator is currently in the midst of a process of divesting stakes in non-vital operations – such as in Hong Kong, Yemen, Belgium and Australia – and investing the proceeds back into fast-growing emerging market facilities.  Another key area of interest this year is DP World’s London Gateway, a superport and business park that is set to boost the UK’s economy when it opens by the end of 2013.

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